- Conference Article
- 10.36689/uhk/hed/2023-01-033
Financing of Basic Education in the Czech Republic – Macroeconomic Context
- Apr 13, 2023
- Hradec Economic Days ...
- Martin Král + 2 more +2
In the last few years, there has been a significant increase in expenditure on primary education in the Czech Republic, where they account for about 10% of all government expenditures. The aim of this paper is to analyze whether this increase in expenditure on education and raising the salaries of teachers depends on the economic situation and selected macroeconomic indicators, or whether this increase is independent of these indicators. In the context of the development of monitored indicators since 2011, it has been found that the increase in total expenditure on primary education is due to a combination of the growth of the number of teachers and their salaries and the economic situation (GDP) is virtually independent. It should be pointed out again that increasing expenditure on education without changing the quality of teaching is only a consumer expenditure and not an investment that increases the added value of young people on the labor market. Therefore, it is necessary to appeal to the overall change of the system and increase the qualifications of teachers who will transmit information and knowledge in a way that future generations will appreciate.
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