Public Forum on 'Education Fiscal Grant Reform' to Be Held on the 8th...Choi Gyojin: "Seeking Reasonable Solutions"
Ministry of Economy and Finance and Ministry of Education Discuss the Need for Reforming the Education Fiscal Grant System
The Ministry of Education and the Ministry of Economy and Finance will hold a public debate on the need to reform the Local Education Fiscal Grant (Education Fiscal Grant) system.
The Ministry of Education announced that it will host a public forum under the theme "Opening a New Stream of Educational Finance: Reforming the Education Fiscal Grant for Future Generations" at the Government Complex Seoul on July 8, from 10:30 a.m. to 11:30 a.m.
The event will be attended by Education Minister Choi Gyojin, Minister of Economy and Finance Park Honggeun, and Jeong Geunsik, President of the Council of Provincial and Metropolitan Superintendents of Education and Superintendent of the Seoul Metropolitan Office of Education.
This forum has been organized to hear the vivid perspectives of experts and those in the field regarding the need to reform the Education Fiscal Grant system in response to changes in the educational environment, such as a decline in the school-age population. It also aims to enhance public understanding of the ongoing discussions on this reform.
The Ministry of Economy and Finance believes that the current system—which automatically allocates 20.79% of domestic tax revenues to the Education Fiscal Grant—should be reformed in light of the decreasing number of students. In contrast, the Ministry of Education maintains that the current system, which links the grant amount to domestic tax revenues, should be preserved in order to secure stable educational finances.
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At the forum, Minister Choi Gyojin is expected to state, "Reforming the Education Fiscal Grant system must become a process of 'education innovation' that provides stable support for the increasingly diverse needs of the field while also addressing the inefficiencies that have been raised so far." He will add, "Going forward, we will continue to work closely with relevant ministries, field practitioners, and experts to seek reasonable solutions."
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