The decision has been made by the federal government to augment the budgetary allocation for education development for the upcoming fiscal year. Government funding for the Ministry of Federal Education and Professional Training is expected to rise significantly in the next fiscal year.
The Planning Commission has allocated Rs. 20.25 billion for the ministry under the Public Sector Development Programme (PSDP) 2024–25, according to Education Secretary Mohyuddin Ahmad Wani.
This is a rise of around 140% above the Rs. 8.5 billion allotted for the fiscal year 2023–2024. The Higher Education Commission’s (HEC) budget was restored by the federal government last week, bringing it up to Rs. 65 billion for the 2024–25 fiscal year.
Dr. Mukhtar Ahmed, the chairman of HEC, stated that the government had previously reduced the funding to Rs25 billion. He continued by saying that the HEC can continue to smoothly supply institutions throughout the provinces with the funding they require thanks to the restored budget.
The HEC chairman has been formally informed of this decision by the Ministry of Finance via formal correspondence.
The Planning Commission has restored the HEC’s development budget to Rs. 59 billion, after it was originally cut to Rs. 21 billion, in addition to the present budget restoration.
The Ministry of Education and Vocational Training would receive Rs20.25 billion from the Public Sector Development Program (PSDP) in the 2019 budget, the government reports.
The Ministry of Education was given Rs8.5 billion for the current fiscal year. Therefore, the remarkable increase is fourteen hundred percent. This demonstrates the current government’s emphasis on education.
The Ministry of Education has been working to improve school infrastructure, satisfy the nutritional needs of underprivileged children, and get more teachers and equipment to alleviate the teacher shortage. These initiatives have been implemented in recent months.
