Analytics, Education and Science, EU – Baltic States, Financial Services
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 22:09
Baltics show highest share of budget expenditure on education in EU
Latvia allocates 16.2% of its budget expenditure on education, which is the
biggest share among EU members. Lithuania allocated 15.4%, and Estonia – 15.1%.
EU members on average allocated 10.3% of budget expenditure on allocation.
At the lowest end there was Greece with 7.8%, Italy with 7.9%, and Romania
with 8.6%.
Meanwhile, in terms of share of the gross domestic product, in 2015
Latvia’s allocation on education reached 6%, which is above the average in the
EU or 4.9%.
In 2015 Latvia allocated a total of EUR 1.46 billion on education.
The highest share of GDP on education was registered in Denmark (7.03%),
Sweden (6.5%), Belgium (6.4%), Finland (6.2%), and Estonia (6.1%). On the other
end there was Romania (3.1%), Ireland (3.7%), Bulgaria and Italy (4% each).
Lithuania in 2015 allocated 5.4% of GDP on education.