MoE Should Improve Spending Efficiency for Better Results, Says Economist
THE Education Ministry (MoE) — the largest recipient of Budget 2020 — should improve its spending efficiency to have better outcomes, says an economist.
Sunway University Business School economist Prof Dr Yeah Kim Leng said the size of the budget allocation is reflective of its priority.
“The government’s spending for the education sector has always been very high, but we are also aware the outcome is not reflective. There is no lack of resources, so the importance is getting the implementation right.
“One of the reasons for the depressed wages in the country is the low-skilled of readiness of the country’s graduates. The ministry should focus on enhancing the capabilities of teachers and lecturers, among others,” he told The Malaysian Reserve in an interview recently.
Yeah added that the pressure is on MoE to produce higher outcome to improve the overall economy growth.
He also lauded the higher allocations to build more schools in rural areas as part of the Shared Prosperity Vision 2030 (SPV 2030).
The allocation for MoE has increased from RM60.2 billion in Budget 2019 to RM64.1 billion in 2020.
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