Higher Education Minister S.B. Dissanayaka said in Parliament yesterday that the government is presently spending approximately five percent of its GDP for education.
The Minister observed that it is a UNESCO recommendation that a country must spend about six percent of its GDP to develop education.
He observed that the UNESCO refers to the total money spent on education, and not only the government allocation.
The Minister pointed out that when the government allocation of two percent for education is added to other expenditure of education borne by individuals and private parties, Sri Lanka spends about 5% of its GDP for education.