With a likely reduction in Government’s budget for secondary schools over the next two years, an economist has advised principals of secondary schools to consider ways of raising finance.
President of the Barbados Economic Society Jeremy Stephen floated several funding ideas at the annual general meeting of the Barbados Association of Principals of Public Secondary Schools (BAPPSS) recently.
In his presentation on school business partnerships, innovative ways of funding education and a future model of Barbadian education, Stephen said there could be a $4 million reduction in Government’s allocation to secondary schools over the next two years and he argued it was imperative that any such financing gaps be funded.
He told the principals assembled at the Barbados Defence Force’s Hudson Hall: “There are a bunch of solutions that you can embark on right away, such as remittances levies, diaspora bonds, endowment funds . . . . I think it is an approach that is very necessary for secondary schools in this day and age.” (GC)
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