Public spending on education in 2022 will exceed 63.38 billion euros, 6% more than in 2021

Apr 1, 2024 | Current affairs, Featured, Revista Lloseta, Thursday Daily Bulletin, Tradition

The Ministry of Education, Vocational Training and Sport has released the Statistics on Public Expenditure on Education in 2022, which also shows that the money allocated to grants and study aids grew to 3,062 million euros, 21.7% more than the previous year.

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Public spending on education in 2022 will exceed 63.38 billion euros

Public spending on Education in 2022 was €63,380.5m, up six per cent on 2021, according to provisional data from the Public Expenditure on Education Statistics for 2022, published today. All educational activities saw an increase in investment, with 21.7% more in scholarships (3,062 million), 12.2% more in vocational training for individuals, 7.5% more in university education and 4.8% more in non-university education.

According to this report, excluding financial chapters – as considered by international methodology – total expenditure was 63,067.4 million euros, which represents a growth of 5.9% with respect to the year 2021.

Most of this investment, 88.6%, corresponded to the Education Administrations, i.e. the Ministries of Education and Vocational Training, and the Ministry of Universities, as well as the departments of Education and/or universities of the Autonomous Communities. Of this expenditure, the share of the Ministries of Education and Vocational Training and Universities was 9%, i.e. 10.1% more than in 2021.

This increase is mainly due to the increase in transfers to the autonomous communities linked mainly to the digitisation programmes and the rest of the programmes of the Recovery and Resilience Mechanism.

In terms of the distribution of spending, 33% went to Pre-school and Primary Education, including Special Education, while 30.4% went to Secondary Education and Vocational Training. University education accounted for 19.1%, while scholarships and study grants accounted for 5%.