DEAR MINISTERS OF FINANCE - This is how you can Transform the Financing of Education!

Increasing the SHARE of the budget for education In general, when domestic financing of education is discussed the focus has been on the need for countries to spend at least 20% of national budgets on education – as articulated in the Education 2030: Incheon Declaration and Framework for Action agreed in 2015. [...] Increasing the SIZE of government budgets overall The UN Heads of State Transforming Size of the budget Education Summit in 2022 highlighted the importance of action to address the overall size of government budgets if a breakthrough is to be made on education TAX TAX TAX financing. [...] The precise balance of taxes to be used in any specific country will depend on the present tax system and the shape of the economy – but there is scope for ambitious and progressive reform in every country, and this could transform the funding available for education and other public services. [...] Ministers of Finance everywhere should champion rapid work on this new convention that could transform the capacity of countries to raise fair taxes on the income and wealth of the richest individuals and companies. [...] Look at the big picture and consider, in particular, the impact of the overall size of the government budget as well as the share, the sensitivity of allocation, and the transformative impact of independent scrutiny.