4%,Reaching or Surpassing?Viewing the Appropriateness of China's Financial Expenditure on Education as a Proportion of GDP from the Perspective of International Comparison
Adequate funding for education is a powerful guarantee for the development of education.In 2012,China's financial expenditure on education accounted for 4.28%of GDP,and in the following ten years,the proportion has remained above 4%,which has given great confidence in and guaranteed the education cause.A review of domestic education investment data shows that China's financial expenditure on education has been weak,and it is difficult to meet the demand for a high-quality education system and building a leading country in education.Comparison of international data with similar levels of economic development such as Russia and Mexico found that,China is at an intermediate level in terms of both public education spending as a percentage of GDP and per capita education investment.Also,compared with some of the OECD countries,there is still a large gap.After combining international comparative analysis,it is inferred that:in the future,when China's per capita GDP exceeds 20,000 U.S.dollars,the proportion of fiscal education expenditure will be increased to at least 4.8%in order to reach the OECD average level of financial investment in education;if the per capita GDP reaches the level of 30,000 U.S.dollars of economic development,the proportion of fiscal expenditure on education should reach at least 5%.
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