New Local Finance Grant Item Established for Free High School Education and High School Credit System Operating Expenses
Cabinet Meeting Approves Amendment to the Enforcement Decree of the Local Education Finance Grant Act
Reflecting National and Local Government Contributions in Revenue and Expenditure Items
[Asia Economy Reporter Han Jinju] With the implementation of free high school education and the high school credit system, support contents and operating expense items will be reflected in the local education finance grant.
On the 9th, the Ministry of Education announced that it reviewed and approved a partial amendment to the Enforcement Decree of the Local Education Finance Grant Act at the Cabinet meeting.
The local education finance grant is an important resource that accounts for most of the revenue of metropolitan and provincial offices of education, and it is important to allocate it efficiently to provide quality education to students. The Ministry of Education recently revised the standards for calculating and distributing the grant to reflect changes in the policy environment.
From this year, new demand and revenue items related to the fully implemented free high school education will be established. As the admission fees, tuition fees, school operation support costs, and textbook purchase costs are borne by the state and local governments, the existing tuition and admission fee items have been abolished, and the portions borne by the state and local governments have been newly established and reflected in the revenue and demand items.
Operating expenses for the high school credit system, which will be fully introduced in 2025, will also be newly added to the demand items. The high school credit system started with the introduction of Meister High Schools in 2020 and will be introduced to all high schools by 2025. Accordingly, the Ministry of Education decided to reflect the operating expenses of the high school credit system to ensure the system is well established.
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Along with this amendment to the Enforcement Decree, the subordinate legislation, the "Enforcement Rules of the Local Education Finance Grant Act," is also being revised, and the amended provisions are expected to be applied from the 2022 grant distribution.
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