Financing of Schools and Material Resources

Abstract

In the 1990s when the Russian economy generally was in a state of crisis, financing of education became a major problem. The proportion of GDP being spent on education by Russia fell in 1992 to 3.4 per cent, half of what was spent in 1970, and a third less than that spent by the United States, the United Kingdom and France. Between 1991 and 1992 educational spending declined by 29 per cent. The biggest drop of 35 per cent was in kindergarten and pre-school level. Spending on primary and secondary education decreased by 29 per cent, vocational education by 17 per cent and higher education by 9 per cent.2

According to world practice, in fact not less than 10 per cent of our national income should be spent on education, just in order that it should barely survive.¹