NewsWhore
10-31-2008, 05:30 PM
Education Minister Melanio Paredes is aiming to get 2.5% of the national budget for education, and says this is a feasible goal. Paredes says that by the end of the current administration the government will have spent between 4% and 6% of the GDP on education, which is the regional rate. Hoy notes that Paredes made his comments despite the fact that the DR registered lower than expected revenue for 2008, making it difficult to grant all the resources needed to education. However, Paredes responded by saying that as the economy grows, spending on education should grow accordingly. The national budget designated RD$26.7 billion towards education for 2008, which is only 2.33% of the budget.
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