Seanad debates
Thursday, 16 October 2003
Order of Business. - OECD Education Report: Statements.
Considerable focus has been placed by international comparisons of public spending on education as a percentage of GDP. Although our public expenditure on education has risen rapidly in the 1990s, GDP has risen even more rapidly, partly thanks to investments in education in the past. GDP provides a distorted picture of comparisons in this regard because of the unusually high levels of profit repatriation by overseas companies in this country. A more reliable comparison based on gross national product or GNP shows that we are closer to the international average.
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