Public Expenditure on Education Calculator - Gross National Income
Posted by Dinesh onTo calculate divide total public expenditure on education in a given financial year by the GNI of the country for the corresponding year and multiply by 100.
Total public expenditure on education (current and capital) expressed as a percentage of the Gross National Income (GNI) in a given financial year. GNI is also referred to as Gross National Product (GNP).
Public Expenditure on Education of GNI
Formula:
%XGNIt = [PXEt ÷ GNIt] x 100
where,PXEt = Total Public expenditure on Education in financial year t,
GNIt = Gross National Income in financial year t,
XGNIt = Public expenditure on education in financial year t