Philippines focuses on improving education
As the Philippines economy grows and diversifies, with the IT-BPO industry as the engine, the Philippines is looking at overhauling its educational system. The government wants to ensure that the country’s higher education institutions are able to produce achievers and very employable graduates. It wants to know that the immediate and future needs of industry will be met.
Higher education in the Philippines, from primary to secondary to tertiary and beyond, is evolving and responding as the country develops and grows.
Graduate employment is a concern at a time when unemployment rates are rising in the Philippines, despite the economic growth. The National Economic and Development Authority (NEDA
) said the “majority of the unemployed were high school graduates (31.7%), college graduates (21.3%) and college undergraduates (14.6%).”
Higher education in the Philippines, from primary to secondary to tertiary and beyond, is evolving and responding as the country develops and grows. The nation’s government wants education at all levels to provide its citizens with knowledge and skills to keep it progressing long into the next century.
Investing In Education
As far as statistics are concerned, the economic growth of the Philippines is consistently increasing and could hit as high as 10 percent. With economic progress then comes an increased demand for quality education Filipinos want their children to have access to good schools, as well as opportunities in vocational and higher education that will lead them toward employment when they graduate.
In 2014, the government gave the education sector the lion’s share of the national budget. Allocations for education are pegged at P 336.9 billion (over US $7.7 billion) or nearly 15% of the total, which is 14% more than the amount allocated in 2013. Most of this new funding will work to stimulate and develop the K-12 sector.
June 3, 2014