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Report on Impact of Financial Crisis on European Education Budgets

Report on Impact of Financial Crisis on European Education Budgets
March 26, 2013

A new report from the European Commission examines the effect of the financial crisis on education budgets. The report shows that nearly half of the 28 countries for which data were available cut their spending on tertiary and adult education from 2010 to 2011, with the greatest decline observed in Slovakia (nearly 15 percent), and reductions of more than 5 percent in the Czech Republic, Iceland, Ireland, Italy, and Northern Ireland. In 2012, even larger cuts took place in Cyprus and Lithuania (more than 30 percent), and Greece (25 percent).

Only a few countries say that budget reductions have resulted in increased tuition fees. The report cites Spain and the United Kingdom as two countries where tuition fees are being increased “with the objective of aligning them with the real cost of studies.”

The report examines educational spending at all levels, from pre-primary to tertiary education.

 

 

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