Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - 86.5% of education budget spent on paying salaries  Join our daily free Newsletter

MENAFN - Arab News - 15/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Saudi Arabia will spend 86.5 percent or SR104 billion of its SR121.3 billion general education budget on the salaries of teachers and education officials, said Mohammed Al-Shathry, deputy education minister



He said the ministry would spend SR17 billion or 13.5 percent of its budget on administrative, cleaning and maintenance project



"We have allocated SR4 billion for new projects including 275 school buildings and the renovation of 1,500 old buildings," he sai





The government unveiled the 2014 fiscal budget last month projecting revenue at SR855 billion and an equal amount on spendin



It allocated SR210 billion for general education, higher education and trainin



Of this amount, higher education will get SR80 billion or 40 percen





Al-Shathry said SR75 million has been set aside for administrative buildings, SR100 million to build multipurpose halls, SR100 million for logistics and expanding warehouses, SR45 million for merging schools, and SR60 million for furnishing schools and administrative building





"The budget has made allocations for 6,000 new jobs including 4,000 educational and 1,000 other job



Changes will be made to 2,710 educational jobs and 4,213 administrative jobs," he said. A total of SR400 million has been allocated for student transport contract





The ministry would also continue with the King Abdullah project for the development of school curricula, training of teachers, improvement of the educational environment, and non-class activitie



The ministry has worked out a strategy to boost partnerships with the private sector in general education and the establishment of a holding company, fully owned by the government, to develop buildings, school transport, and educational services, he sai



He said the ministry received 3,720 completed projects over the last four years benefiting over 1.5 million students, or 33 percent of the total number of students. The ministry reduced its rented buildings to 20 percent compared to 41 percent five years ago, he said

He said schools would get upgraded IT facilities, including a system to network schools and educational facilities, and computer labs across the country

The ministry is also expanding kindergartens in partnership with the private sector by providing soft loans to potential investors, he said

 


Arab News




  MENA News Headlines
 Aug 1 2015 - Qatar Airways refutes US carriers' subsidy claimsMENAFN
(MENAFN) Qatar Airways (QA), in a 'white paper' submitted to the US, has refuted the subsidy allegations against it by the 'Big 3' US carriers.The submission addressed and answered all issues raised ...

 Aug 1 2015 - S&P confirms Doha Insurance rating at 'A'MENAFN
(MENAFN) Standard & Poor's Ratings Services affirmed its 'A' insurer financial strength and counterparty credit ratings on Qatar-based Doha Insurance Co. QSC (DIC). The outlook remains ...

 Aug 1 2015 - Foreign firms eye USD5b Saudi gas projectMENAFN
(MENAFN) Foreign engineering firms have submitted bids to build a gas plant in eastern Saudi Arabia for Saudi Aramco at an estimated cost of USD5 to USD6 billion, industry sources said.Saudi Aramco's ...

 Aug 1 2015 - Qatar- S&P affirms DIC ratings at 'A'The Peninsula
(MENAFN - The Peninsula) Standard & Poor's Ratings Services yesterday affirmed its 'A' insurer financial strength and counterparty credit ratings on Qatar-based Doha Insurance Co. QSC (DIC). The ...

 Aug 1 2015 - Yemen shelling kills 4 on Saudi borderThe Peninsula
(MENAFN - The Peninsula) Rocket fire from war-wracked Yemen on Friday killed threeSaudi soldiers and a member of a paramilitary force, in the deadliest border incident for several weeks, the interior ...

 Aug 1 2015 - Al-Qaeda in Syria attacks US rebel baseThe Peninsula
(MENAFN - The Peninsula) Al-Qaeda's Syria affiliate launched a fierce assault on the headquarters of a US-trained rebel group Friday, while claiming responsibility for capturing members of the ...

 Aug 1 2015 - 4 killed as Saudi private jet crashesThe Peninsula
(MENAFN - The Peninsula) Pilot and three passengers are killed after Saudi private jet crashes into a car dealership near Hampshire airport after overshooting the runway as it tried to land.The small ...

 Aug 1 2015 - Palestinian baby dies in home attackThe Peninsula
(MENAFN - The Peninsula) Suspected Jewish settlers torched a Palestinian home in the occupied West Bank yesterday, killing an 18-month-old boy and seriously injuring his parents and elder brother, an ...

 Aug 1 2015 - Houthis lose ground in Yemen's southThe Peninsula
(MENAFN - The Peninsula) Southern Yemeni fighters backed by a Saudi-led air coalition seized more territory from Houthi militiamen near Aden yesterday, while three Saudi soldiers were killed when the ...

 Aug 1 2015 - Kurdish attack kills two Turkish copsThe Peninsula
(MENAFN - The Peninsula) Two more Turkish police were killed yesterday in an attack blamed on Kurdish militants as tensions in the country boiled over amid the military's cross-border bombing ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help