Money matters for global education

There’s a gaping hole in the global education budget and it’s 200 billion US dollars deep. Yearly. Part of the problem has to do with taxes: Many developing countries raise less than 20% of their GDP in tax revenues and out of this, education should take up between 4 to 6% of GDP. That’s a tall order in deficitary times. Michael Ward, OECD Senior Analyst specialising in global educational development issues and Bert Brys, Senior Tax Economist at the OECD, walk us through efficient education spending and how to raise money for education through better taxing.Speakers: Michael Ward, Bert BrysHost: Clara YoungRelated Websites: 2021 Global Education Meeting - High-Level Segment. Invest in education - a global mobilization for COVID-19 recovery and the futures of education (10 November 2021) The Transforming Education Summit Action Track 5 (Education Financing) Discussion PaperEducation Finance Watch 2022The Short and Winding Road to 2030: Measuring Distance to the SDG TargetsRelated Contents: Budgeting and Accounting in OECD Education SystemsEducation Indicators in FocusEducation at a Glance 2021

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How can we all help shape better policies for better lives? In just 15 minutes, we bring you insightful interviews with OECD and guest experts on such pressing challenges as inequality and inclusive growth, the digital transformation, social change, the environment, international co-operation, and more. NOTE: All podcasts express the opinions of the interview subjects and do not necessarily represent the official views of OECD member countries.