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Education Budget 2023 Highlights: PDF Download with Key Summary and Takeaways

Education budget 2023-24: finance minister nirmala sitharaman presented the union education budget 2023-24 in parliament on february 1. here are the key highlights from education budget 2023, summary, explanations, and complete analysis. .

Education Budget 2023 Live Updates by FM Nirmala Sitharaman Speech: The Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023 in Parliament on February 1. This is the fifth budget presented by the Finance Minister since she took over the Ministry of Finance of the country. Union Budget 2023 is the last full-fledged budget before the Lok Sabha polls next year. 

Education Budget 2023 Allocation 

Education budget 2023 highlights, 100 labs to be set up in engineering colleges to develop apps using 5g.

FM Nirmala Sitharaman has announced that 100 labs will be set up in engineering institutions that will work on developing applications using 5G services in collaboration with various authorities, banks, regulators and other businesses. The applications will include smart classrooms, intelligent transport system, precision farming, and healthcare applications to utilise the new technological opportunities coming in with the prospect of fresh business models and potential jobs.  

National Digital Library To Be Set Up 

Multidisciplinary courses for medical devices and research .

Finance Minister also announced multidisciplinary courses for medical devices will be supported in existing institutions to ensure the availability of skilled manpower for futuristic medical technologies, high-end manufacturing and research.

Recruitment of Teachers for Tribal Schools

To boost education for tribal students, the government will recruit 38,800 teachers within the next three years to the 748 modern residential schools, serving 3.5 lakh tribal students. As many as 38,000 teachers and support staff are to be recruited in the next 3 years, for 740 Eklavya Model Residential Schools serving 3.5 lakh tribal students.

Make AI in India and Make AI Work for India

Pm kausal vikas yojana 4.0 for skill development .

The Pradhan Mantri Kaushal Vikas Yojana, which is a skill development initiative scheme for the recognition and standardisation of skills, is being levelled up. Indian youth will get access to courses that can skill them in coding, robotics, drones, mechatronics, IoT, 3D printing, and essential soft skills so that they are ready for the global job industry.  

Devyani Jaipuria, Chairperson of Dharav High School, Pro- Vice Chairperson- DPS International Gurugram, DPS 45 & DPS Jaipur, stated - "To start with, the clear commitment to setting up 30 India International Skill centers across states under Pradhan Mantri Kaushal Vikas Yojana 4.0 will not only train and build skills among children but also help in channelising the efforts to make India the source of skilled manpower for the world. "

The finance minister proposed the launch of a unified Skill India digital platform that will facilitate formal skilling as per demands, provide access to entrepreneurship schemes, and also link job-seekers with employers including MSMEs. Devyani Jaipuria further stated - " Additionally, the focus on traditional artisans and micro-entrepreneurs and linking them to the MSME chain and providing them a forward linkage to their products and craft will further have a positive impact on both the skill and entrepreneurship development in the rural areas."

Education Budget 2023 Live Updates What’s New: Funds, Schemes, Interventions  

• The government will launch Pradhan Mantri Kaushal Vikas Yojana 4.0: FM Nirmala Sitharaman
• Phase 3 of E-courts projects to be launched with outlay of Rs 7,000 crore: FM Nirmala Sitharaman
• Leading industry players will partner to developing, providing scalable options for health, agri and other sectors: FM Nirmala Sitharaman
• 100 labs will be set up for developing apps using 5G services in engineering institutions: FM Nirmala Sitharaman
• Teacher training will be envisioned through innovative pedagogy, continuous professional development, curriculum transaction and ICT implementation. The district institutes of education and training will be developed into vibrant institutes of excellence for this purpose: FM Nirmala Sitharaman
• National Child Trust, Children's Book Trust and other sources to be encouraged to provide and replenish non-curricular titles in regional languages and English, to these libraries; collaboration with NGOs working in literacy also to be done: FM Nirmala Sitharaman
• PM VIKAS (Pradhan Mantri Vishwakarma Kaushal Samman), which was announced in Budget 2023, will include skilled people who are engaged in various traditional and skilled professions.
• To skill the youth for international opportunities, 30 Skill India International Centres will be set up across different States: FM Nirmala Sitharaman
• To provide support to 47 lakh youths in 3 years, a Direct Benefit Transfer under a pan India national apprenticeship scheme will be rolled out: FM Sitharaman

• States will be encouraged to set up physical libraries for them at panchayat and ward levels and provide infrastructure for accessing the National Digital Library resources: FM Nirmala Sitharaman

• Indian Institute of Millet Research will be supported as a centre of excellence: FM Nirmala Sitharaman in Parliament 

• Leading industry players will partner in conducting inter-disciplinary research, develop cutting-edge applications & scalable problem solutions in the areas of agriculture, health and sustainable cities: Union Finance Minister Nirmala Sitharaman

Updated as on February 1, 2023 at 1:11 PM

In last year’s Education budget, the financial allocation was Rs. 1.04 lakh crore which was more than the funds allocated in 2021-22. A total of Rs 93,224 crore (Budget estimate) was allocated to the education sector in 2021-22. 

Education Budget Highlights: Important Facts & Figures of Indian Education Budget 2022-23

• World-class universities will be allowed to offer courses in financial services and technology free of Indian regulations
• AICTE will take lead in improving urban planning courses
• One class, one TV channel' program of PM eVIDYA will be expanded from 12 to 200 TV channels. This will enable all states to provide supplementary education in regional languages for classes 1 to 12
• 5 academic institutions on urban planning to be made centers of excellence. The institutions will get an endowment of Rs 250 crore each
• A digital university will be established to provide access to students across the country for world-class quality universal education with a personalized learning experience at their doorstep. This will be made available in different Indian languages and ICT formats. The university will be built on a network hub and spoke model
• High-quality e-content in all spoken languages will be developed for delivery via the internet, mobile phones, tv, and through radio and digital teachers. The competitive mechanism for the development of quality e-content by the teachers will be set up to empower and equip them with digital tools of teaching and facilitate better learning outcomes
• Agricultural universities will revise syllabi to meet the needs of modern-day farming
• Skilling programs will be reoriented, and ITIs will start courses on skilling. The Digital DESH e-portal will be launched for skilling, upskilling & reskilling of the youth 
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Budget Estimates 2023-24

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Budget 2023: Rs 1.12 lakh crore allocated to education sector, highest ever — here are the highlights

As per the national education policy, 2020 (nep) public investment on education should be 6 percent of india’s gdp. india’s education budget has never touched this number..

By Nishtha Pandey     February 2, 2023, 1:28:33 PM IST (Updated)

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Education Budget 2024 Updates: UGC, IIMs face budget cut; here’s what Sitharaman presented

Education budget 2024 updates: the budget for school education has been increased by over rs 500 crore but the grant for higher education has been reduced by over rs 9600 crore from the previous fiscal year's revised estimate (re)..

India’s Education Budget 2024 Updates: The Finance Minister Nirmala Sitharaman, in her speech for the Union Budget 2024, reiterated that there has been an increase in higher educational institutes and women in STEM courses in the last 10 years. She further said that the National Education Policy is ushering in transformational reforms.

The funding for UGC has been brought down to Rs 2,500 crore from the previous year’s revised estimate of Rs 6,409 crore, a 60.99 per cent drop. However, the grants for central universities saw an increase of over Rs 4,000 crore with Rs 15,928 crore allocated for the financial year 2024-25.

Last year, the Education Ministry’s budget allocation increased by a marginal 8 per cent from Rs 1.12 lakh crore as opposed to 1.04 lakh crore in 2022-23.

Allocation for the World Class Institutions’ for Institutions of Eminence (IoE) has increased from Rs 1,500 crore in 2023-24 to Rs 1,800 crore in 2024-25. For research and innovation, it rose to Rs 355 crore from Rs 210.61 crore allocated last year. The allocation for Samagra Shiksha Abhiyan also saw a nominal increase from Rs 37,453.47 crore to Rs 37,500 crore in 2024-25.

In the 2023 budget, the Centre announced a national digital library for children and adolescents. A similar initiative was also announced in 2018 by the then HRD Minister Prakash Javadekar. Since then, a national digital library has been run by IIT Kharagpur.

Hits and misses

The Budget 2024 initiatives by the Indian government in education are commendable on three counts and have a couple of misses

First, fiscal rectitude, which has figures of 5.1% vs 5.8%. This bodes well for inflation, credit ratings and exchange rate stability.

Second, with a significant allocation of Rs. 1.12 lakh crore, including Rs. 44,095 crore for Higher Education, there's a clear focus on developing a skilled workforce. The notable 28% increase in female enrollment in higher education over the past decade is a testament to our strides towards inclusivity. Furthermore, the impressive accomplishments of the Skill India Mission, which has trained 1.4 crore youth and upskilled 54 lakh individuals, play a crucial role in bridging skill gaps and fostering growth. Additionally, the enrollment of 43% of females in STEM courses reflects our progress in promoting gender inclusivity. These initiatives promise a brighter future for India's youth and signify a positive trajectory for our nation's development.

Third, the increase in caped means that infrastructure will continue to develop at a fast clip. The recent evidence of better execution means that we will see visible change in improved infrastructure.

The first downside is that there is a missed opportunity to rationalise taxes. Indian rates are already high comparatively. The aim has to be to make India the place to invest in not just because of China +1, and local demand but also because it is a great tax destination. The fiscal headroom allows this. The second miss is a lack of sufficient increase in investment in R&D. A developed nation requires the central government leading from the front in R&D.

--  Prof Arvind Sahay, Director at MDI Gurgaon

Education Budget 2024 Live: '50-year interest-free loan'

The Union Budget 2024 is a progressive budget in sync with the vision of Viksit Bharat by 2047 in harmony with nature, modern infrastructure and opportunities for all. The budget aims to empower the youth by providing training to 1.4 crore youth, under Skill India Mission, and fostering entrepreneurial aspirations of the youth by sanctioning 43 crore loans under PM Mudra Yojana.

The Budget focusses on the “Golden Era for tech-savvy youth” since a corpus of Rs 1 lakh crore will be established with a 50-year interest-free loan provided to them, with low or zero interest rates. With a strong focus on science, technology, start-ups and innovation, the budget aims to propel the scientific development of the country and fulfill the goal of India being the third largest economy by 2047.

- Dr. Balvinder Shukla, Vice Chancellor, Amity University Uttar Pradesh

Education Budget 2024 Live: Highlights from 2024-25 interim budget

• Education Ministry’s overall budget allocation this year increased by 6.8 per cent from Rs 1,20,627.87 crore as opposed to Rs 1,12,899.47 crore in 2023-24.
• UGC allocation saw a cut of little over 50 per cent with just Rs 2,500 crore allocation for the financial year 2024-25 from Rs 5,360 crore in 2023-24 budget estimate.
• Central universities grants saw an increase of over Rs 4,000 crore with Rs 15,928 crore allocated for FY 2024-25.
• Under the ‘World Class Institutions’ for Institutions of Eminence (IoE), allocation has increased to Rs 1,800 crore from Rs 1,500 crore in 2023-24.
• For research and innovation, allocation has been hiked to Rs 355 crore from Rs 210.61 crore.
• For Samagra Shiksha Abhiyan allocation increased marginally by Rs 46.5 crore, from Rs 37,453.47 crore to Rs 37,500 crore in 2024-25.
• The PM POSHAN scheme saw an increase of over Rs 800 crore in allocation from Rs 11,600 in 2023-24 to Rs 12,467.39 crore in 2024-25.
• Rs 6,050 crore allocated for PM Schools for Rising India (PM SHRI).

Budget Live: IITs too see dip in budget

The budget for Indian Institutes of Technology (IITs) has also seen a marginal dip from the RE last year. The grant to the top technology institutions has dropped from RE of Rs 10,384.21 crore to Rs 10324.50. However, the support grant for Central Universities has increased by over 28 per cent.

The budget for Central Universities has been increased to Rs 15472 crore from RE of Rs 12000.08 crore.

Budget Live: Govt slashes UGC funds

The funding for UGC has been brought down to Rs 2500 crore from the previous year's RE of Rs 6409 crore, a 60.99 per cent drop. Meanwhile, the allocation for Indian Institutes of Management (IIMs) has been slashed too for the second consecutive year. The budget for school education has been increased by over Rs 500 crore but the grant for higher education has been reduced by over Rs 9600 crore from the previous fiscal year's Revised Estimate (RE). -- PTI

Education Budget 2024 Live: Were funds increased for KVS last year?

Yes, allocation in Kendriya Vidyalaya Sangathan had increased by Rs. 713.98 crore (9.33 per cent) (from Rs.7650.00 crore in budget estimate 2022-23 to Rs. 8363.98 crore in budget estimate 2023-24) and in Navodaya Vidyalaya Samiti by 1371.50 cr (33.32 per cent) (from Rs.4115.00cr in budget estimate 2022-23 to Rs. 5486.50 cr in budget estimat 2023-24).

Education Budget 2024 Live: 43% women enrolments in STEM courses

The finance minister reported a 28 per cent increase in female enrollment in higher education. She also stated that in STEM courses, women now make up an impressive 43 per cent of the total enrollment, marking one of the highest figures globally.

Education Budget 2024 Live: 54 lakh youth upskilled and reskilled

"The Skill India Mission has trained 1.4 crore youth, upskilled and reskilled 54 lakh youth and established 3000 new ITIs. A large number of new institutions of higher learning, namely 7 IITs, 16 IIITs, 7 IIMs, 15 AIIMS and 390 universities have been set up," Nirmala Sitharaman said.

Education Budget 2024 Live: Hope for skilled youth

Experts see hope for the future of skilled youth through this Interim Budget. "The focus on skilling India's youth through initiatives like NEP and Skill India Mission, and the emphasis on both traditional and non-traditional skilling avenues is a laudable step towards India's aspirations of becoming a ‘Viksit Bharat’ by 2047. Public-private partnerships and leveraging industry expertise will be crucial in bridging the skill gap and empowering the ‘Amrit Peedhi’ for a developed India by 2047," said  Md. Sajid Khan, Director-India, ACCA (Association of Chartered Certified Accountants).

Education Budget 2024 Live: 'NEP 2020 is transforming education'

"Our prosperity depends on adequately equipping and empowering the youth. The National Education Policy 2020 is ushering in transformational reforms. PM ScHools for Rising India (PM SHRI) are delivering quality teaching and nurturing holistic and well-rounded individuals," the finance minister said.

Budget 2024 Live Updates: Female enrollment increases in STEM courses

The female enrollment in higher education has gone up by 28 per cent in 10 years in STEM courses. These measures are getting reflected in the increasing participation of women in workforce, the Finance Minister stated.

'Skill India achieving remarkable milestones'

FM's comprehensive strategy focuses on education and skill enhancement, with Skill India achieving remarkable milestones. Increased women's participation in STEM fields contributes to India's goal of becoming a talent superpower. We are entering an era where inclusivity and educational empowerment support digital, health, and green developments. Wider opportunities, innovations, and enhanced GOI support in 2024 empower our tech-savvy youth. 

– Mayank Kumar, co-founder and MD, upGrad

'Focus on research is a good move'

"Setting up of new medical colleges will reinforce India’s objective of talent development in the healthcare space. Providing an impetus to develop research ecosystem in the country, a new corpus of 100,000 cr with 50-year interest free will be established. This will help private sector participation, including educational institutions, to do innovative research with focus on sunrise domain or sectors."

-- Sahil Gupta, Partner, Deloitte India

Budget 2024 Live Updates: Higher education sector has experienced robust growth

Prof. Abhradeep Maiti, Chairperson – Admissions, Economics, IIM Kashipur said, “Declaring that the Skill India Mission had been successfully adopted, the interim budget 2024 guaranteed that the government would place equal emphasis on governance, development, and performance. The mission has successfully trained 1.4 crore youth, upskilled and re-skilled 54 lakh youth, established 3000 new ITIs, 7 IITs, 16 IIITs, 7 IIMs, 15 AIIMS, and 390 universities. With the union government placing a strong emphasis on funding the National Research Fund and establishing the Higher Education Commission to improve ed-tech resources like digital infrastructure, digital repositories, and hybrid models of in-person and online learning to meet the growing demand, the higher education sector has experienced robust growth.”

No mention on constructive measures to tackle youth’s mental health: Peakmind

As per Neeraj Kumar, founder & CEO of Peakmind, while unveiling the Union Budget 2024, the Finance Minister expanded on the progress we have made as a nation in the field of education and how the National Education Policy 2020 is driving substantial reforms in this sector. The progress is quite laudable; however, no mention has been made of taking constructive measures to tackle the growing concern of youth’s mental health and suicide issues. The sooner this is brought into focus the better it would be for the leaders of tomorrow, in whose hands our future rests. While the Skill India Mission has successfully trained 1.4 crore young individuals, providing upskilling and re-skilling opportunities to 54 lakh youths, and establishing 3000 new Industrial Training Institutes (ITIs), very little has been done to address the growing academic distress that students need to deal with in their developmental years.

Centre proposes law to curb paper leaks

In other news, the Union govt plans to introduce the Public Examination (Prevention of Unfair Means) Bill, 2024, during the ongoing session of Parliament. The Bill aims to curb cases related to paper leaks and organised cheating in public examinations, including the UPSC, SSC, and the Railways; and entrance examinations such as NEET, JEE, and CUET.

According to sources, the Union Cabinet has approved the draft of the Bill, and it is likely to be tabled in Parliament on Friday or on Monday. Read more

Budget 2024 Live Updates: Skill India Mission’s initiative to train 1.4 crore individuals

The Skill India Mission’s initiative to train 1.4 crore individuals, along with the upskilling and re-skilling of 54 lakh youth, coupled with the establishment of 3,000 new Industrial Training Institutes is a vital step towards bolstering the Make in India programs. This comprehensive approach is essential in enhancing the manufacturing sector’s contribution to the GDP from 17% to 25% by 2047, thereby creating numerous job opportunities.

Budget 2024 Live Updates: What did Nirmala Sitharaman say about education?

The National Education Policy 2020 is ushering transformational reforms. PM Shri is delivering quality teaching, says Nirmala Sitharaman.

#Budget2024 #ViksitBharatBudget Empowering Amrit Peedhi, the youth The National Education Policy 2020 is ushering transformational reforms PM Shri is delivering quality teaching Skill India Mission has trained 1.4 crore youth, upskilled and reskillled 54 lakh youth and… — PIB India (@PIB_India) February 1, 2024

Education Budget 2024 Live: Over 1.4 crore youth trained

"The Skill India Mission has trained 1.4 crore youth, upskilled and re-skilled 54 lakh youth, and established 3000 new ITIs. A large number of institutional higher learning, namely 7 IITs, 16 IIITs, 7 IIMs, 15 AIIMS and 390 Universities have been set up," Finance Minister Nirmala Sitharaman said.

Budget 2024 Live Updates: Are schools ready for Indian language teaching?

While learning the Indian languages/ mother tongue is one of the debates behind the idea of having a school curriculum in Indian languages, another reason is to promote the languages. However, experts and parents believe that while this sounds good on paper, we cannot negate the importance of the global language, English, which often acts as the window to the world.

“Students from Hindi-medium schools may face challenges in competitive exams, which are predominantly conducted in English. The language barrier can potentially put them at a disadvantage compared to their English-medium counterparts,” says Devyani Jaipuria, Pro-Vice Chairperson, DPS International.

Read full report here

Education Budget 2024 Live: 14500 schools were to be upgraded

PM Shri Schools which were announced in 2022’s budget speech, but were not allocated any money, have been given Rs 4,000 crore this year. 

As per Budget 2023, under PM Schools for Rising India or PM Shri, 14500 schools are expected to be upgraded to showcase components of the new National Education Policy 2020.

In other news CBSE Class 10, 12 Plan: 3 languages, 7 other subjects in Class 10; 6 papers in Class 12

CBSE is reported to have proposed significant changes to the academic framework for secondary and higher secondary education, including a shift from studying two languages to three in Class 10, with the requirement that at least two must be native Indian languages. Furthermore, students in Class 10 may now need to pass in 10 subjects, as opposed to the current requirement of five.

Similarly, for Class 12, the proposed changes involve students studying two languages instead of one, with the condition that at least one must be a native Indian language. Overall, they would have to clear examinations in six subjects instead of five to graduate from high school.

Budget 2024 Live Updates: Check highlights of last year's budget

— 157 new nursing colleges to be established 

— 38,800 teachers, support staff recruitment for 740 Eklavya Model Residential Schools.

— Three new centres of excellence for AI in top educational institutions.

— Ministry of Education allocated Rs 1.12 lakh crore budget

Education Budget 2024 Live: Jagdeep Dhankhar on Interim Budget 2024

"Some glimpses from the first day of the Budget Session at Parliament House today," the Vice President of India posted on his official X account.

Some glimpses from the first day of the Budget Session at Parliament House today... @rashtrapatibhvn #BudgetSession pic.twitter.com/knIfG9ftLu — Vice President of India (@VPIndia) January 31, 2024

Budget 2024 Live Updates: More medical colleges to be set up

More medical colleges to be set up soon, the Finance Minister says. "Our government plans to set up more medical colleges by utilizing the existing hospital infrastructure," Sitharaman said.

For this, a committee will be set up to examine issues and make recommendations.

Education Budget 2024 Live: Women overcoming challenges in workforce

Budget 2024 live updates: experts ask for reduction in gst slab on educational products and services.

Experts believe the GST slab on educational products and services must be reduced to ease the financial burden on parents and promote affordability. Maheshwari focused on the need for collaboration between the public and private sectors to drive a change in the sector at scale.

Saurabh Mittal, CFO of S Chand and Company Limited reiterated that all inputs from paper and printing to content development and royalty have a GST rate of 5-18 per cent, while the book publishing industry has a zero GST. He expects a reduction of GST rates on services including royalty or a mechanism for refund.

“In the book publishing industry, the product has a Zero GST rate, however all inputs from paper, printing, consumables, content development, professional services, and even Royalty (RCM) have a GST Rate of 5-18%, which has had a severe impact on margins for the trade which has had 3 bad years during Covid-19. The Industry hopes for a reduction of GST rates on services like royalty, or a mechanism for refund,” he said.

Read more here

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Budget 2024 Live Updates: More women choosing STEM courses

The Finance Minister has calimed that 43 per cent enrolled students in STEM are women.

Education Budget 2024 Live: NEP 2020 bringing transformational reforms in schools

'The National Education Policy 2020 is ushering the transformational reforms in schools for rising India. It is delivering quality teaching and nurturing, holistic and well rounded individuals scaling their mission to one point,' Sitharaman said in the Parliament.

Education Budget 2024 Live: Nearly 390 new universities set up

The present government has set up 7 new IITs, 16 IIITs, 7 IIMs, 15 AIIMS and 390 new universities have been set up, Nirmala Sitharaman stated.

Education Budget 2024 Live: Check UGC's allocation

In 2023, the University Grants Commission was allocated Rs 5,350 crore versus budget allocation of Rs 4,900 crore.

Budget 2024 Live Updates: Experts call for strategic funding for AI, digital infrastructure

Strategic funding should support AI-driven educational models, digital infrastructure, and AI literacy, Vineet Nayar, former CEO of HCL Technologies and Founder and chairman of Sampark Foundation said. Such initiatives, he added, must extend beyond conventional classrooms, ensuring equitable access across socio-economic strata.

“Investments in AI research, especially in educational applications, are vital. Collaboration between educational institutions and industry can accelerate AI solutions for educational needs. Teacher training in AI, developing AI-enabled learning tools, and democratising technology access are essential for an AI-ready generation,” Nayar said adding that the Union  Budget 2024  should not only increase allocation but strategically channel resources for AI embedding in education.

Education Budget 2024 Live: Listen to Nirmala Sitharaman's speech

Listen to Nirmala Sitharaman's speech here ??

Budget 2024 Live Updates: Highlights of Education Budget 2023

Education budget 2024 live: iits remain optimistic about potential allocations for higher education and niche research.

"Adequate funding in key areas will undoubtedly catalyze research, innovation, entrepreneurship and infrastructure development, fostering a brighter future for our academic community, industry and the nation at large. We look forward to a knowledge-based Viksit Bharat with our students," Prof. Rajeev Ahuja, Officiating Director, IIT Guwahati said.

Budget 2024 Live Updates: Union Cabinet approves pre-election Budget

The Union Cabinet headed by Prime Minister Narendra Modi has approved the pre-election Budget, as reported by PTI

Education Budget 2024 Live: President Murmu extends her best wishes to the Union Finance Minister

'Union Minister of Finance and Corporate Affairs Smt Nirmala Sitharaman along with Ministers of State Dr Bhagwat Kishanrao Karad and Shri Pankaj Chaudhary and senior officials of the Ministry of Finance called on President Droupadi Murmu at Rashtrapati Bhavan before presenting the Union Budget. President Murmu extended her best wishes to the Union Finance Minister,' the President's official X handle stated.

Union Minister of Finance and Corporate Affairs Smt Nirmala Sitharaman along with Ministers of State Dr Bhagwat Kishanrao Karad and Shri Pankaj Chaudhary and senior officials of the Ministry of Finance called on President Droupadi Murmu at Rashtrapati Bhavan before presenting the… pic.twitter.com/miwSv8r4dE — President of India (@rashtrapatibhvn) February 1, 2024

Budget 2024 Live Updates: Experts call for funds for start-ups

Prof Thillai Rajan A, IIT Madras is looking forward to a slew of booster measures in the 2024 budget that bring back the winds to the sails of the start-up ecosystem.

Reiterating that there have been very few comparable initiatives in independent India that have galvanised so many departments and ministries of the Indian government, the IIT Madras professor said: “More than ?20,00,000 crore has been invested in start-ups in the country. However, since the high peak of 2021, the number of start-ups created has been gradually declining. As somebody who is keenly following the contribution of the start-ups, I look forward to a slew of booster measures in this Budget that brings back the winds to the sails of the Start-up ecosystem.”

Read more budget expectations here

Education Budget 2024 Live: Copies of the Budget arrive at Parliament

As the Finance Minister and her team complete all formalities associated with tabling the budget in the Parliament today, copies of the Union Budget arrived at Parliament this morning.

#WATCH | Interim Budget copies arrive in Parliament, Finance Minister Nirmala Sitharaman to present her sixth straight budget today pic.twitter.com/ZFKdzcx7kt — ANI (@ANI) February 1, 2024

Budget 2024 Live Updates: Sitharaman meets President Murmu

The Union Minister of Finance and Corporate Affairs Nirmala Sitharaman met President Droupadi Murmu at Rashtrapati Bhavan before presenting the Union Budget. Ministers of State Dr Bhagwat Kishanrao Karad and Pankaj Chaudhary and senior officials of the Ministry of Finance were also present.

Budget 2024 Live Updates: Budget allocation to scheme of STARS increased by Rs 250 crore in 2023

Budget allocation for financial year 2023-24 for the World Bank aided Scheme of STARS had increased by Rs. 250.00 crore (45.45 per cent) from Rs. 550.00 cr in budget estimate 2022-23 to Rs. 800.00 crore in budget estimate 2023-24.

Education Budget 2024 Live: Experts demand reduction in education loans

As more and more Indian students head abroad to pursue higher education, study abroad experts are urging the government to  consider a reduction in interest rates on education loans and actively promote an increase in the education loan limit for public sector banks.

"This would create an environment where talented and deserving students can better pursue their aspirations of studying abroad. With India securing its position as one of the fastest-growing economies, a strong foundation for future growth is laid, offering promising students the opportunity to dream big and pursue international education. India stands as a huge contributor to the global student population studying abroad across destinations; hence, it would be beneficial if the government could consider reducing interest rates on education loans to support this significant demographic further," Piyush Kumar, Regional Director- South Asia and Mauritius, IDP Education told  indianexpress.com

Budget 2024 Live Updates: Experts call for investment in digital connectivity, advancement

As per the recent Annual Status of Education Report (ASER) , more than half of 14- to 18-year-old children in rural India cannot solve a simple three-digit division problem that’s usually taught in Class 3-4 and struggle with everyday skills, including determining time and doing basic calculations.

Keeping this in mind, the experts believe that in this Interim Budget, there is a need for enhancement of digital infrastructure to increase accessibility and facilitate the seamless implementation of learning solutions for children in the remotest corners of the country who seek access to high-quality online content.

Read more expectations here

Education Budget 2024 Live: Changes in PM Poshan

Yesterday, the outlay for PM Poshan was increased by 13.3 per cent, taking the allocation to Rs 11,600 crore from Rs 10,233 crore. In addition to this, the government had also announced that a National Digital Library will be set up for “children and adolescents” to provide a supply of good quality books at a time when students are trying to cope with the learning losses suffered during the pandemic.

Budget 2024 Live Updates: What was announced about digital library in 2023?

Last year, Finance Minister Nirmala Sitharaman announced a national digital library for children and adolescents. A similar initiative was also announced in 2018 by the then Education Minister Prakash Javadekar. Since then, a national digital library is being run by IIT Kharagpur. It’s not clear how the finance minister’s announcement is different from what’s already in place.

Education Budget 2024 Live: What do experts expect from this year's Interim Budget?

'We need to allocate funds towards establishing AR/VR labs and Robotics facilities in schools, enhancing the learning experience through technology. The budget should actively support digital education initiatives by offering tax incentives and forming partnerships with tech companies to improve online learning platforms. To foster a future-ready workforce, there is a need to integrate subjects like analytics into the school curriculum, ensuring that students are equipped with essential skills early on, aligning with the evolving demands of the digital age. Remote learning has emerged as a powerful tool, democratizing education by breaking down geographical barriers and providing access to quality learning experiences for students, irrespective of their location,' says Devyani Jaipuria, who is the Pro-Vice Chairperson DPS International, DPS Gurgaon, DPS Jaipur, Chairperson - Dharav High School, Jaipur.

Read more pre-budget expectations here

Budget 2024 Live Updates: Finance Minister poses at the Finance Ministry

Finance Minister Nirmala Sitharaman with her team posed for photographs at the Finance Ministry before presenting the Budget in New Delhi on Thursday. 

(Express photo by Tashi Tobgyal)

Education Budget 2024 Live: What was last year's budget allocation for Education?

Last year, the Education Ministry’s budget allocation increased by a marginal 8 per cent from Rs 1.12 lakh crore as opposed to 1.04 lakh crore in 2022-23.

Budget 2024 Live Updates: 'Relevant tax exemptions and lower GST rates to bridge the skill gap'

Saying that India has the potential to emerge as a global superpower in education, Siddharth Banerjee, CEO, UNIVO Education said: "Aided by the framework of the NEP 2020 and the recent positive developments for the online higher education industry, we are well positioned to accelerate our GER from current 27% levels."

Given the importance of quality online education, the government will surely consider relevant Tax exemptions and lower GST rates to bridge the skill gap, along with encouraging reduced and subsidized interest rates on educational loans for aspiring students across the nation, he added.

"Online Higher Education in India goes across socio-economic strata and across Metro/ Tier 2-3-4 cities and we look forward to continued support from the government to continue aiding the nation-building efforts by providing quality higher education and helping improve lives and careers," he said.

Budget 2024 Live Updates: What is an interim budget?

An interim budget, set to be presented tomorrow, February 1, 2024, will be a temporary financial plan. The interim budget is announced before a new government is set to come in after general elections.

Education Budget 2024 Live: 'Crucial need for a budget that integrates AI and technology into education'

Aligned with the holistic goals of Viksit Bharat@2047, encompassing economic growth, social progress, environmental sustainability, and good governance, Dhruv Galgotia, CEO, Galgotias University, underscores the crucial need for a budget that integrates AI and technology into education.

This integration, he adds, stands as a pivotal step towards aligning the educational system with the future demands envisioned by the Prime Minister's initiative. Looking forward to 2024, Galgotias University sets its sights on pioneering pedagogical approaches tailored to the 21st-century landscape.

Actively investing in advanced teaching methodologies, fostering interdisciplinary collaborations, and cultivating an environment that champions exploration and creativity, the institution's forward-looking approach goes beyond conventional education, aiming to empower students with the skills, mindset, and resilience necessary for success in our ever-evolving global landscape.

Budget 2024 Live Updates: Where to watch education budget 2024?

Mark your calendars for the Interim Union Budget 2024! Union Finance Minister @nsitharaman to present the #InterimBudget on February 1, 2024 ??Watch here: https://t.co/F8aOXX6Qfb — PIB India (@PIB_India) January 30, 2024

Education Budget 2024 Live: Reduction or waiver in Tax Collected at Source

•  A reduction or waiver in Tax Collected at Source (TCS) while remitting money for overseas education and ancillary activities will be a welcome sign. 
• Lowering or waiving off TCS while remitting funds overseas for education will ease the burden on families and encourage more students to explore educational opportunities at a destination of their choice.
• Exploring student concessions on air travel is imperative to make global education economically viable for a broader demographic of students, fostering cultural exchange and elevating India's representation on the global academic stage.

Saurabh Arora, CEO, University Living

Budget 2024 Live Updates: 'Targeted scholarship schemes for Tier 2 and Tier 3 city students'

The government should recognize and harness the potential of Indian students in STEM abroad by implementing measures to make international education more accessible and affordable, Career Mosaic spokesperson Manisha Zaveri, Joint Managing Director said.

This could involve targeted scholarship schemes for tier 2 and tier 3 city students, tax benefits for families supporting overseas education and streamlined visa processes. A supportive budget addressing these aspects will not only enable students to pursue their international education dreams but also contribute significantly to India's long-term economic and intellectual growth, she added.

Budget 2024 Live Updates: 'Accelerate global mobility of India’s young talent'

Sachin Jain, Country Manager, India and South Asia ETS urges policymakers to allocate resources that accelerate global mobility of India’s young talent. This, Jain added, includes the inclusion of language skills and internationally recognized work skill certifications in Indian classrooms.

Skills development enterprises, both public and private, must leverage globally benchmarked and recognised skills framework and certifications as these are valued by employers internationally, he added.

Policy-makers should also look at comprehensive merit scholarship programme for deserving Indian students for postgraduate and research studies in foreign universities to drive research and innovation in India post-completion of their studies. We also urge policymakers to advance public-private partnership models that accentuate the 'Study In India' initiative, which aims to reinforce India’s position as a Vishwa-Guru to the world.

Education Budget 2024 Live: A look at past year allocations

The Union Finance Minister Nirmala Sitharaman had allocated Rs 99,300 crore for the Ministry of Education in 2020 — a hike of 4.6 per cent over Rs 94,855 crore in 2019. In 2021, the Education Ministry got an allocation of Rs 93,224 crores, Rs 1.04 lakh crore in 2022 and in 2023, Rs 1.12 lakh crore. The  Department of School Education was allocated Rs 68,804 crore last year and the Department of Higher Education was allocated Rs 44,094 crore.

Union Budget 2024 Updates:  The education industry has high expectations from the Budget. From boosting funds for AI-based technologies and prioritising school infrastructure, educationists are expecting more budget allocation for this segment. Also, ed-techs are demanding a reduction in the GST slab on educational products and services and the need to augment existing space institutes and establishment of new ones.

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Budget 2023: Education gets highest ever allocation to overcome learning losses

The union budget 2023 presented by finance minister nirmala sitharaman on wednesday set aside ₹1.12 lakh crore for education – the highest ever and an increase of around 8.2% than what was pegged in 2022-23..

The Union government will re-envision teachers’ training and develop institutes of excellence at district levels, and set up a national digital library to make available quality books across subjects to children and youngsters to help them overcome the learning losses suffered during the Covid-19 pandemic.

The Union Budget presented by finance minister Nirmala Sitharaman on Wednesday set aside ₹ 1.12 lakh crore for education — the highest ever and an increase of around 8.2% than what was pegged in 2022-23.

While the 2022-23 Budget estimate allocated ₹ 1,04,277.72 crore for the sector, the revised estimate curtailed it to ₹ 99,881.13 crore. This year’s allocation is a 13% increase from the revised estimate.

Union education minister Dharmendra Pradhan lauded the Budget as inclusive, people-centric and growth-stimulating, and said the ministry was given the highest-ever allocation.

“By giving a boost to education, skill development, entrepreneurship, research and development, digital infrastructure, green growth and job creation, the Budget draws a meticulous blueprint for India at 100 and lays a solid foundation for transforming India into a technology-driven knowledge-based economy,” he said.

In her Budget speech, Sitharaman said: “The national digital library for children and adolescents will be set up for facilitating (the) availability of quality books across geographies, languages, genres, and levels.” The library, she added, will be device agnostic and accessible.

The Covid-19 pandemic, which hit the country in 2020, wreaked havoc on basic education due to closure of schools. According to the Annual Status of Education Report released on Wednesday, the basic reading ability of children dropped to pre-2012 levels. This was visible in most states and across genders.

The government had announced the setting up of a national digital university in its last Budget. The university is likely to start operations in June-July this year.

Sitharaman said states will also be urged to set up physical libraries at panchayat levels to provide infrastructure for accessing the national digital library resources.

She said the National Book Trust, the Children’s Book Trust, and other sources will be encouraged to provide books and other study materials in English and regional languages to these physical libraries to build a culture of reading.

The physical libraries will make up for the learning loss due to the pandemic, Sitharaman said. “Collaborations with NGOs that work in the field of literacy will be encouraged to inculcate financial literacy. Financial sector regulators and organisations will be encouraged to provide age-appropriate reading material to these libraries,” she said.

The finance minister said the teachers’ training will be re-envisioned through innovative pedagogy, curriculum transaction, continuous professional development, etc. “The district institutes of education and training will be developed as vibrant institutes of excellence for this purpose,” she said.

Sitharaman also announced the setting up of 100 laboratories in engineering institutes for developing applications using 5G services. “To realise the new range of opportunities, business models and employment potential, the labs will cover, among others, applications such as smart classrooms, precision farming, intelligent transport systems and healthcare application,” she said.

Of the total outlay, ₹ 68,804.85 crore has been allocated for schools and ₹ 44,094.62 crore for higher education.

While the school Budget has witnessed an increase of 8%, from ₹ 63,449 crore (Budget estimate) in 2022-23, the allocation for higher education increased by 7.9%, from ₹ 40,828 crore (Budget estimate) in 2022-23.

The revised allocation for the school and higher education departments was kept at ₹ 59,052.78 crore and ₹ 40,828.35, respectively, in 2022-23.

The outlay for Samagra Shiksha Abhiyan, the central government’s flagship programme for universal education, remained almost the same as last year ( ₹ 37,453.46 crore). The midday meal scheme, renamed as PM Poshan, saw an increase in allocation — from ₹ 10,233 crore in 2022-23 to ₹ 11,600 crore in 2023-24. However, the allocation for the scheme was increased to ₹ 12,800 in the revised Budget.

The Budget has also set aside ₹ 4,000 crore for the government’s Pradhan Mantri Schools For Rising India (PM-SHRI) scheme, under which over 14,500 schools across the country will be upgraded as exemplary schools.

In higher education, the allocation of grants to central universities has risen to ₹ 11,528.90 crore from the revised estimate of ₹ 11,034.32 crore last year. While the monetary support to Indian Institutes of Technology (IITs) has increased by ₹ 316.5 crore, it has decreased in case of Indian Institutes of Managements (IIMs) by around ₹ 300 crore in comparison to last year.

The outlay for research and innovation has been pegged at ₹ 210.61 in 2023-24 in comparison to ₹ 218.66 crore in 2022-23. The revised allocation decreased to ₹ 185.24 crore in 2021-22.

The Budget document does not mention the allocation for Higher Education Funding Agency (HEFA). HEFA offers 10-year loans to higher education institutions for infrastructure development. The Budget for the agency was drastically trimmed to ₹ 1 lakh in 2022-23 from ₹ 1 crore in 2021-22.

University Grants Commission chairperson M Jagadesh Kumar said the increase in higher education budget will help in overcoming the learning losses during the Covid-19 pandemic and inject more digital technology for more access and equity.

“Increased fund allocation will accelerate the implementation of NEP 2020, bringing further dividends to the students to make them employable and strengthen our efforts in making India a knowledge-based economy,” he said.

Educationists welcomed the initiatives announced in the Budget.

Jyoti Arora, principal of Delh’s Mount Abu Public School, said the Budget perhaps mentioned teachers’ training, capacity-building programmes and a culture of reading for the first time.

“As an educationist, it is highly encouraging to see the Budget’s focus. The establishment of district training centres for educators will revolutionise both public and private school education across India,” Arora said.

Arora also said that the setting up of the national digital library and physical libraries at the ward and panchayat levels is like a dream come true. “The National Book Trust has been entrusted with developing a reading culture by publishing content in several regional languages. This Budget will ensure the implementation of the National Education Policy, 2020, at the micro level. At the same time, we expected some measures to support nation-building private school education.”

Dhuwarakha Sriram, chief of YuWaah (Unicef), said: “The government’s recognition of the post-pandemic learning loss is a welcome move. The digital and physical infrastructure, particularly for the most marginalised young people in the hinterland, will help build higher student engagement and interest and make learning an easy process.”

Fareeha Iftikhar is a Special Correspondent with the national political bureau of the Hindustan Times. She tracks the education ministry, and covers the beat at the national level for the newspaper. She also writes on issues related to gender, human rights and different policy matters. ...view detail

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Education Dept. Sees Small Cut in Funding Package That Averted Government Shutdown

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The $1.2 trillion funding package that will keep the federal government operating through September includes a cut of about $100 million to the U.S. Department of Education’s budget even as it provides small increases to key K-12 programs and holds the line on others.

President Joe Biden signed the funding package into law over the weekend after it passed the House on March 22, and the Senate early the next day, averting a partial shutdown. The package combines six annual spending bills to pay for different parts of the federal government, which had been operating on stopgap measures in the absence of a final budget for the 2024 fiscal year that began last October.

The Education Department will receive $79.1 billion for the fiscal year that lasts through Sept. 30.

That’s about $100 million less than the department’s final budget for the 2023 fiscal year , a drop of about 0.2 percent. And it’s far short of the $90 billion Biden had requested for the department in his initial 2024 budget proposal , which he unveiled a year ago, in March 2023.

But even with the overall cut, lawmakers provided increases of $20 million each to Title I grants that support services for low-income students and Individual with Disabilities Education Act, or IDEA, funds that help schools cover special education costs. Title I and IDEA are the two largest federal funds for K-12 schools.

The $20 million increases would bring Title I funding to just above the $18.4 billion allocated to the program in 2023 and bring IDEA funding to just above its 2023 level of $14.2 billion.

An Education Department spokesperson said the year-over-year differences are largely the result of mid-year budgets cuts and earmarks—funding lawmakers designated for specific projects.

The federal government typically accounts for less than 10 percent of the money spent each year on public education nationwide.

The Republican-controlled House had initially passed deep cuts to Title I and the elimination of funds that support English learners and teacher preparation, recruitment, and professional development. The spending bills that became law preserve that funding, according to a summary from the Senate’s appropriations committee .

Outside of the Education Department budget, the spending bill increases funding for Head Start by $275 million over last year, bringing total financing for the early-childhood program this year to $12.3 billion.

The additional money is meant to help the program address staffing shortages as it experiences its highest turnover in two decades , according to the appropriations committee summary. The Biden administration proposed a new rule in the fall that seeks to raise Head Start teacher pay in the coming years to bring it closer to K-12 teacher salaries , a change that will require additional funding for Head Start programs, which have been serving fewer children in recent years.

In his initial 2024 budget proposal, Biden had sought a $1.1 billion increase over 2023 for the program that serves children living at or near the federal poverty level.

The newly approved spending package also includes funding in the Defense Department budget to double enrollment in that agency’s prekindergarten programs for children of military members.

The National Association of Secondary School Principals welcomed the new budget.

It “avoids painful cuts while increasing the resources for high-needs students like mine,” Chris Young, the principal of North Country Union High School in Newport, Vt., and the principal association’s advocacy champion, said in a statement.

Biden unveiled his budget proposal for the 2025 fiscal year , which begins Oct. 1, before lawmakers had passed the final 2024 spending package.

In the 2025 budget proposal—which is unlikely to pass a divided Congress as is—he requested $82 billion for the Education Department, representing a smaller increase than he’d proposed in past years to stay within spending caps the president negotiated last year with then-House Speaker Kevin McCarthy to avert a default on the national debt. Those spending caps also apply to the 2024 funding bills.

Biden’s 2025 budget proposal includes increases for Title I and IDEA, as well as an $8 billion academic-acceleration grant program meant to help districts maintain learning-recovery initiatives they’ve launched in recent years with the help of $190 billion in federal COVID-relief funds, the last round of which are set to expire Sept. 30.

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California education budget 2023-24

Sustained support for core education programs.

For California children in public schools, the final, enacted state budget for 2023-24 delivers steady support despite a stock market unnerved by a spike of inflation .

The main portion of the education budget each year funds a system known as the Local Control Funding Formula ( LCFF ). This is the money that goes directly to school districts to pay for operating costs like educators, administrators, counselors, transportation, building maintenance, etc. To sustain the purchasing power of school systems, this year’s budget includes the largest cost-of-living adjustment ( COLA ) in the history of the LCFF system ( 8.22% ). The budget also increased resources for special education , transitional kindergarten , nutrition , and preschool .

In other good news, the budget continues to support ongoing priorities such as community schools , before- and after-school programs and summer learning .

A note of caution

Budgets are built on predictions. Will Californians actually earn income and pay taxes at the levels predicted in the budget by the state Department of Finance? No one knows for certain.

The state Legislative Analyst Office (LAO), which is independent from the Department of Finance, has warned that it regards the budget forecasts as on the high end . It cautions that a $30 billion shortfall is likely in future years under these assumptions. If this prediction comes to pass, Dan Walters of CalMatters argues that new cuts or new revenues will be necessary to find balance. The state Department of Finance tracks key indicators monthly .

Many planned investments have parents smiling

The budget contains many investments that parents and communities have asked for. Let’s take a look.

In the Ed100 blog It’s time to screen all students for dyslexia risks

Screening for risks of dyslexia: At last, California has a plan. The budget provides $1 million to convene an independent panel of experts to create a list of approved methods to screen all children grades K-2 for the risk of reading difficulties, including dyslexia, by the 2025-26 school year.

In the Ed100 blog Schools have new money for arts education. What should they do now?

The Arts and Music in Schools: Voters passed the Art and Music K-12 Education Funding Initiative (Prop 28 of 2022), guaranteeing funding for arts education. (Nearly $1 billion in 2023-24)

Free meals in school: California was the first state to make free meals universal in schools. Five other states have followed so far.

Equity multiplier: New in 2023-24, schools with the highest concentrations of low-income students, English learners, homeless, and foster youth students will receive additional funding through an equity multiplier . The budget provides $300 million in new, ongoing funding to accelerate learning gains and close opportunity gaps of historically underserved students .

How does California pay for this? Education budget basics

Funding for public K-12 education in California comes from three main sources : state income taxes, local property taxes, and the federal budget, in that order.

State income taxes that go toward education are strongly influenced by the economy, the stock market, and the terms of Proposition 98 , passed by voters in 1988. Prop. 98 defines a minimum level of spending that the state is obligated to allocate to public education. The combination of expected property tax receipts for education and state funds for education are known as the Prop. 98 minimum funding guarantee .

Property taxes that go toward education (and which are included in calculation of the Prop 98 guarantee) were more or less set in stone by voters who passed Proposition 13 in 1978.

Federal funds for public education were temporarily elevated by pandemic programs.

Proposition 98 funding

California voters amended the state constitution in 1988 by passing Proposition 98. This measure obligates the state to spend a certain percentage of the General Fund on public education each year. State general funds for education, plus local property taxes for education, in combination, are known as Proposition 98 funds. Driven by changes in the economy and the stock market, the 2023-24 education budget remains below the high mark two years ago.

How is the money spent? Well, glad you asked. Here’s the link to K-12 Proposition 98 Funding by Program . The top five programs are the Local Control Funding Formula (most of the funding), followed by special education, expanded learning opportunities , state preschool, and child nutrition.

Per pupil funding sustained

The line graph below shows how per pupil funding in California has increased over time, even in the pandemic. Note that this chart calculates dollars per student enrolled as of the October “census” date. Other sources may show a slightly higher figure per student because ( unlike most states ) California funds schools according to Average Daily Attendance (ADA).

If you look at the dashed line in the chart above, it shows that California funding per pupil increased significantly since 1988-89. That’s great news, right?

But when adjusted for inflation — the solid line — the news doesn’t look as good. Yes, revenue has grown. But so has the cost of running a school. School funding in 2023-24 has just about kept pace with inflation. A loaf of white bread cost about 60 cents in 1988. The same loaf costs about $1.89 in 2023.

Total education funding

In addition to the Prop. 98 sources, which are state and local, the federal government provides ongoing support for things like nutrition, special education, aid for low performing schools, and support for disadvantaged children. For a few years it also provided money to public schools for pandemic relief .

California no longer lurks in the basement of national school funding.

The 2023-24 enacted budget total education funding is $129.2 billion ($79.5 billion General Fund and $49.7 billion other funds) for all K-12 education programs.

With core state and local funding at $17,658 per student in average predicted daily attendance for 2023-24, California funding no longer lurks in the national basement of national school funding. The state is now probably in the middle of the pack… but no one really knows. Governments compile data with excruciating slowness. Comparable data will take years to emerge.

Local Control Funding Formula

Prop. 98 funding is mostly distributed on the basis of student attendance . School districts, charter schools and county offices of education receive additional funding for low income students, English learners, homeless and foster youth under a system known as the Local Control Funding Formula (LCFF). The base funding amount per student in attendance varies a little by grade level. Added to that is supplemental funding based on the number of students with higher needs. Districts with a very high percentage of needy students get even more support through a concentration grant.

Below are the LCFF funding rates for 2023-24

Not so good news: Delays/cuts in one time funding

Some education programs are funded as ongoing obligations, expected to continue from year to year. Others are supported on the basis of one-time funding. When facing a shortfall (a budget problem , in eduspeak), these programs are considered expendable.

• Ongoing funding typically is money from secure ongoing revenue.
• One-time funding, in comparison, is from revenue sources that are not stable, like tax revenue received in excess of the budget.

The prudent rule is that one-time money should not be used in a way that creates obligations for ongoing expenses, such as hiring new teachers or bargaining salary increases.

Prior education budgets contained significant one time funding initiatives. This gave the Governor and legislature the flexibility to delay or cut items without affecting ongoing programs.

Getting to the source

This rather epic post is only possible because detail-oriented people do the important work of making information available even as it changes through the budget process. If this sort of stuff interests you, here are some resources you should know about:

• California 2023-24 education budget summary
• California State Budget
• California Department of Finance
• California Legislative Analyst Office
• California Department of Education
• California Budget and Policy Center: Public Policy Research

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Shereen Walter August 1, 2023 at 6:28 pm

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The Budget 2023–24 invests in Australia’s education workforce, and works to build a better and fairer education system for the future.

The Budget provides targeted funding across early education, schools and higher education and invests in the skills-needs of early childhood educators to maximise the benefits for families from Cheaper Child Care.

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Early childhood education and care.

$72.4 million in early education workforce measures, including:

• $34.4 million to support professional development opportunities for up to 75,000 early childhood educators
• $33.1 million to support up to 6,000 existing educators as they work to complete current professional studies, and
• $4.8 million to help connect up to 2,000 students studying to become teachers with services, to complete work placements and strengthen workforce supply.

$2.8 million to improve access to early childhood education and care for vulnerable or at-risk children by streamlining the process for Additional Child Care Subsidy (Child Wellbeing) applications.

Strengthening safeguards against Child Care Subsidy fraud and non-compliance so that taxpayers’ money supports the delivery of genuine early childhood education and care.

A further $9.3 million to support the delivery of the National Teacher Workforce Action Plan, including:

• national guidelines to better support early career teachers and new school leaders
• improving teacher workforce data to better understand future demand for teachers.

$40.4 million in additional funding to help schools in central Australia better engage with young people and increase school enrolment and education outcomes.

$70.8 million to fund a new middle years boarding school at Bandilngan (Windjana Gorge) in the Kimberley, upgrade the Yiramalay Studio School and establish a new Indigenous Education and Research Centre as part of a revised scope for the Building Boarding Schools On-Country program.

$32.8 million to enable the Clontarf Foundation to extend its program in 2024, supporting up to 12,500 First Nations boys and young men to improve their confidence, school engagement, Year 12 attainment and post school pathways.

Strengthening safeguards in policy and financial assurance and compliance to ensure funding for non-government schools is appropriately used for school education.

Higher Education and Research

$128.5 million to fund 4,000 additional university places over the next four years, to deliver graduates from STEM disciplines to support the nuclear-powered submarine program and broader AUKUS priorities.

An additional $4.3 million per year for the Higher Education Disability Support Program to better engage and support students with disability to access, participate, and succeed in higher education.

The Women in STEM Cadetships and Advanced Apprenticeships program will be extended by two years, providing more time for women to study part-time under the program while managing competing commitments

2023–24 Education Portfolio Budget Statements and PAES

The 2023-24 Department of Education Portfolio Budget Statements (PBS) provide information on the proposed allocation of funds to achieve government outcomes. They include budget statements for the department as well as entities working under the portfolio. The statements provide information to assist parliament to understand the purpose of each outcome.

2023-24 Education Portfolio Budget Statements

• Download 2023–24 Education Portfolio Budget Statements and PAES (2023-24 Education Portfolio Budget Statements) as a PDF (1.39mb)
• Download 2023–24 Education Portfolio Budget Statements and PAES (2023-24 Education Portfolio Budget Statements) as a DOCX (1.23mb)

2023-24 Education Portfolio Additional Estimates Statements

• Download 2023–24 Education Portfolio Budget Statements and PAES (2023-24 Education Portfolio Additional Estimates Statements) as a PDF (2.46mb)
• Download 2023–24 Education Portfolio Budget Statements and PAES (2023-24 Education Portfolio Additional Estimates Statements) as a DOCX (719.87kb)

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