To increase the financial resources allocated to education from
all sources.
To maximize the efficient and effective deployment of resources.
To promote long-term investment in programmes and projects and
in the education sector generally.
To ensure public accountability for the funds allocated or granted.
General
Philosophy
Financial resources constitute only one of the essential components
of educational development and reform. Yet it is a key factor. Below
certain levels of funding many programmes and projects are jeopardized.
At the same time additional resources are not synonymous with better
education. Accordingly, investment and financial support for education
must take account of the following:
Education is a long-term process, therefore funding and investment
must be sustained if optimal results and returns are to be obtained.
No single source of funding can effectively sustain and support
the education enterprise. Single sources operating in isolation have
proven inadequate as the basis of funding education. These include
user fees, grants and endowments, government subvention, special
taxes, donor assistance and local and external loans. Partnership
in funding from different sources in funding education is the only
feasible option.
No child should be denied education solely on its parents' inability
to pay. Human resource development considerations as well as human
rights obligations dictate that every child, regardless of the socio-economic
circumstances of birth, should have access to good quality education.
Schools and colleges are, or can be made, capable and competent
to manage their financial affairs.
Education is an enterprise that can generate some of the income
needed to develop itself.
