Open AccessSHARE OF EDUCATIONAL EXPENDITURE IN TOTAL BUDGETARY OUTLAY IN MIZORAM (INDIA): AN EMPIRICAL ANALYSIS
Author(s) -
Lalfakawmi
Publication year - 2020
Publication title -
epra international journal of economic and business review
Language(s) - English
Resource type - Journals
eISSN - 2349-0187
pISSN - 2347-9671
DOI - 10.36713/epra3095
Subject(s) - public expenditure , economics , gross domestic product , state (computer science) , economic growth , business , agricultural economics , public finance , mathematics , algorithm , macroeconomics
Increased public expenditure leads to an improvement in educational sector and further to national development. Education improves the quality of lives, yields direct and indirect benefits to both the individuals and society. The most obvious direct benefit is that educated workers receive incomes higher than those who are less educated. In this study, attempt is made to analyze - the growth trends of public expenditure on education, its share out of the total budgetary outlay and as the percentage of Gross State Domestic Product (GSDP) of Mizoram for the period of 1981-82 to 2013-14.KEY WORDS: education, public expenditure, growth, budgetary outlay.