National expenditure on education continued to rise in 2008 albeit at a more moderate rate than in 2007. Total expenditure reached NIS 60.3 billion, 3% more than 2007, which was 6% more than 2006. National expenditure on education is 8.3% of GDP.
National expenditure on education includes the ongoing expenses of all public and private institutions of education from pre-school through higher education. Expenses are divided into two: public expenses of the state and local authorities and private expenses of households and donations and grants received from Israel and abroad. Household expenditure includes tuition fees, purchase of books, and private lessons.
According to the Central Bureau of Statistics, the percentage of state expenditure on education fell to 75% in 2008 from 76%-77% between 2004 and 2007, but in absolute terms expenditure rose by NIS 3 billion to NIS 45.2 billion. Over the same period the rate of private expenditure on education rose to 25% of all national expenditure amounting to NIS 15 billion.
88% of educational services are provided by government, local authorities and non-profit organizations, while 12% is provided by private individuals and businesses.
Published by Globes [online], Israel business news - www.globes-online.com - on August 11, 2009
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