Education spending needs to increase

National Human Resource Development Council Chairman Dinesh Weerakkody and International Chamber of Commerce SL participating at the inauguration ceremony of the third batch of the Higher Diploma in Accounting and Finance program at AAT Sri Lanka noted that professional bodies need to work closely with the government and the private sector to equip the current and future labour force with knowledge and competences appropriate for the world of work. 

To achieve this Weerakkody said overall education sector coordination must improve. Currently four ministries and provincial councils are doing this as a result charting a path to education excellence is a challenge. Further he noted that while our education spending needs to be increased from the current 1.7% of GDP, the spending increase needs to be matched with more effective spending.