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The largest source of funding for elementary and secondary education comes from state government aid, followed by local contributions (primarily property taxes). [2] The public education system provides the classes needed to obtain a General Education Development (GED) and obtain a job or pursue higher education. [3]
This list shows the government spending on education of various countries and subnational areas by percent (%) of GDP (1989–2022). It does not include private expenditure on education. It does not include private expenditure on education.
This list shows the spending on education of various countries as a percentage of total government spending. It is based on data from the UNESCO Institute for Statistics. [1] The UNESCO dataset does not specify whether education capital expenditures are included, or whether only recurrent expenditures were considered.
President-elect Donald Trump's plan to reshape education in the U.S. raises questions over federal funding as it relates to U.S. institutions, who have amassed billions in U.S. taxpayer dollars.
As the co-heads of the newly created Department of Government Efficiency, or DOGE, billionaires Elon Musk and Vivek Ramaswamy are promising to slash at least $2 trillion from the federal budget.
The U.S. is expected to bring in close to $3.26 trillion in tax revenue in 2021, according to Congressional Budget Office (CBO) projections. About half of that comes from individual income taxes ...
The ability of the government to tax and spend in specific regions has large implications to economic activity and performance. The main question behind this issue stems into three different approaches. First, federal spending should be neutral, meaning federal taxation should roughly equal expenditures.
The Kentucky Senate has passed a controversial “school choice” bill, setting the stage for Kentucky voters to decide if they want taxpayer dollars to go to private and charter schools.