RP’s education budget lacked P1.66T: groups – SunStar

From SunStar Cebu

Tuesday, June 10, 2008
RP’s education budget lacked P1.66T: groups

IF a 1996 Unesco document were to be followed, the Philippine Government owes Filipino students P1.66 trillion to fund education.

This is according to a research found by the Youth Against Debt (YAD)-Cebu and the Freedom from Debt Coalition (FDC)- Cebu.

In a press conference yesterday, the group said that the Philippines signed the United Nations Educational, Scientific, and Cultural Organization (Unesco) Delors Benchmark that set the education expenditure of developing countries at six percent of the Gross National Product (GNP).