Government expenditure on education, budget share | Micronesia
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Overview
Government expenditure on education in Micronesia in 2020 was amounted to 18.61% of budget. In 2019, the value was 18.11%. It has been growing in this country for already 2 years in a row. Since 1999, for the whole period of data from UNESCO, this indicator has increased in 2.12 times. The lowest education spending was recorded in 1999, with a value of 8.78% of general government expenditure. The maximum general government education expenditure was in 2015, when it reached 24.13% of budget of Micronesia.
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About indicator
Expenditure on education, total (% of government expenditure) is calculated by dividing total government expenditure on education by the total government expenditure on all sectors and multiplying by 100. Aggregate data are based on World Bank estimates. Data on education are collected by the UNESCO Institute for Statistics from official responses to its annual education survey. All the data are mapped to the International Standard Classification of Education (ISCED) to ensure the comparability of education programs at the international level. The current version was formally adopted by UNESCO Member States in 2011. Data on total general government expenditure were previously collected from countries through the annual questionnaire, but are from the International Monetary Fund's World Economic Outlook database since January 2014. Therefore, current data cannot be compared with data in earlier editions. The reference years reflect the school year for which the data are presented. In some countries the school year spans two calendar years (for example, from September 2010 to June 2011); in these cases the reference year refers to the year in which the school year ended (2011 in the example).
