Ministry of Education, Guyana

Cost of Education Sector Plan and financing options

The total cost of this ESP over the five-year period, beginning in 2014 is G$214 billion.

Fifty-five percent (55%) is recurrent cost while forty-five percent (45%) is capital cost associated with new/rehabilitated/maintenance of infrastructure, purchase of equipment and tools, and developmental projects. Although there is a financing gap, the Ministry feels that this is a financially feasible plan. Education as a percentage of the national budget has been maintained at an average of 15% in the last five years, and there is every reason to expect that this will be maintained and even increased in the future. Donor support to the sector has declined in terms of large projects. However, given the coincidence of the priorities in this plan with those of many donor partners, additional external support is expected to fill any gaps in financing.

Home Education Sector Plan 2014 - 2018 Cost of Education Sector Plan and financing options