BERNABEDONI

TAROSED.

12-
ABM-
1

Gat
chal
ianur
gesgov
’tt
oinv
estheav
il
yineducat
ionami
d12.
2per
centdecl
inei
nsect
or

ByJer
omeCar
loR.Paunan

Publ
ishedonAugust18,
2020

CALOOCANCI TY,Aug.18(PI
A)- -SenatorWi
nGat chal
ianisurgingt
hegov er
nmenttoinvest
heavi
l
yineducati
onandtoprovideadequatef
undi
ngf orthesectoraf
terseei
nga12.2percent
negat
ivegr
owthbythePhi
li
ppineStati
sti
csAut
hori
ty(PSA).

Thepandemi c’simpactont heeducati

onsectori smanifest
edi nprivateschoolenrol
l
ment ,
Gat
chaliantoldthePIA-NCR.Basedont heDepartmentofEducation(DepEd)dataasofAug.11,
1,
554,482learnersareenroll
edinpri
vateschool
s, onl
y36.1percentof4,304,
676pr i
vat
eschool
l
earnersenroll
edf orSY2019-2020.Parent
aljoblossandt heconcernont hehealt
handsaf et
y
ofthechi l
drencont ri
butetot hedipinprivat
eschoolenr oll
ment,whi chalsosaw 323,524
l
earnersmov ingtopubl icschool
sf r
om priv
ateinsti
tut
ions,andnon- DepEdschoolssuchas
l
ocalandstateuni ver
sit
iesandcoll
eges(SUCsandLUCs) .

“Ther
e’salwaysaneconomi cgrowththatfoll
owswhenev erwei nvestheavi
l
yineducation.
Pouri
ngmor emoneyintoeducati
onmeansamor eeducatedfut
ure.Mil
yung-
mil
yongmag-aaral
ang mabibi
gyanngpagkakat aonparasai sangdekal i
dad naedukasyon,
”saidGat
chalian,
Chair
personoftheSenat
eCommi tteeonBasi
cEducation,Ar
tsandCultur
e.

Thel awmakeralsor
ecalledasurveyonmicro,small,andmedium enter
prisesbyt
heNational
Economi cDevel
opmentAut hor
it
y(NEDA)andt heDepartmentofFi
nance(DOF) ,
whi
chreveal
ed
thatduringt
heEnhancedCommuni tyQuar
antine(ECQ),theeducat
ionsectorist
hefour
thmost
batteredint
ermsofrevenuewithaver
agel
ossesofupt o76.
8percent.

Whilet
heeducati
onsector’
sP692bill
i
onallocati
oni st
hehighesti
nthe2020budget,educat
ion
spendi
nginthePhil
i
ppinessti
llf
all
sbelowtheUni tedNati
onsstandar
d,whi
chissixpercentof
theGrossDomest i
cPr oduct(GDP).Lasty ear’
sSenatebudgethear i
ngspointed outthat
educat
ionspendi
ngint
hecount r
yisonly3.
4per centofGDP.

AccordingtoGat chal
i
an,theexpectedenactmentoft heBay anihantoRecov erAsOneAct
(SenateBil
lNo.1564)orBay anihan2.0willbri
ngi mmediater el
ieftolear
ners,teachers,and
personneli
naffectedpri
vat
eschools.UnderBayanihan2.0,af
fectedteachersandnon- t
eaching
personnelwi
llr
eceiveaone-t
imecashassistance.Learner
swhoar enotcoveredbygov er
nment
educati
onalsubsidi
esandvoucherprogr
amswi llal
soreceivet
uitionsubsidi
es.

Tosust
aint
heeducat
ionsect
or’
srecov
ery
,Gat
chal
i
anr
eit
erat
edt
heneedt
oensur
ethatt
he
2021nat i
onalbudgetshouldhaveadequateall
ocati
onforeducati
on,incl
udi
nggovernment
subsi
dypr ogr
ams such as t
he Seni
orHigh SchoolVoucherProgram (SHS VP)and the
Educati
onSer viceCont
ract
ing (
ESC)so thattheseprogr
amsdon’ treducethenumberof
benefi
ciar
ies.

Gatchal
ianrei
ter
atedtheneedt oi nvestintheDeped’sdi git
altr
ansf
ormationtodevel
opits
capabil
i
tyandenhanceitscapaci
tyt orol
loutdi
stancelearningandconti
nuousl
ydel
iverqual
i
ty
educati
onwhenemer genci
espreventface-
to-
faceinst
ructi
on.

Gatchalian also sai

d DepEd ur gentl
yneeds to st
reamline it
s procedur
es,workfl
ows,and
processesbyadopt i
ngautomationanddi gi
ti
zati
onofitsserv
icestomaket heexchangeofdata
andi nformationbetweenandamongi t
sof fi
ces,l
earnersandpar entssecur
e,effi
cientand
seaml ess,includi
ngbutnotl i
mi t
edt o matter
spertaini
ngt o enr
oll
ment,payments,grades
submi ssionorparent-
teachermeet i
ngs.
ACaseSt
udyi
nSenat
orGat
chali
an'
sUrgeinI
nvest
ingFundsHi
gheri
n
Educati
onSect
or

ACaseSt
udy

Pr
esent
edt
othef
acul
tyof

Pangasi
nanNat
ional
Highschool

Li
ngay
en,
Pangasi
nan

I
nPar
ti
alFul
fi
ll
mentoft
heRequi
rement
s

f
orBusi
nessFi
nance

underACCOUNTANCYBUSI
NESSMANAGEMENT

Doni
taRoseD.Ber
nabe

Gr
ade12-
ABM-
1
 I
ntr
oduct
ion

TheCOVI D- 19hasr esul tedi nschoolsshutal lacr

osst hewor l
d.Gl obal l
y,over1. 2
bil
li
onchi l
dr enar eoutoft hecl assroom.Asar esul t,educationhaschangeddr amat i
cally
,
witht hedi stinctiver i
seofe- learning,wher ebyt eachi ngisunder t
akenr emot el
yandon
digi
t alplatforms( Li ,2020).Senat orGat chali
an'sur get oinvesthi ghlyoneducat i
onsect or
toensur et hequal ityofeducat i
ongi v
ingt othest udentsaswel last oi nvestonDepEd' s
digi
t altranfor mat iont o dev elopi tscapabi li
ty andenhancet hecapaci tyofr oll
i
ngout
distancel ear ning andcont i
nuet odel i
verqualit
yofeducat i
onwhi l
et herei snof ace-to-face
cl
asses.“ Ther e’
sal way saneconomi cgrowt ht hatf oll
owswhenev erwei nvestheav ilyin
educat i
on.Pour ingmor emoneyi nt oeducat i
onmeansamor eeducat edf uture.Milyung-
mi l
yongmag- aaral angmabi bigy anngpagkakat aonpar asaisangdekal idadnaedukasy on,”
Gatchal iansai d.
Ourwor ldtodayf acesmul ti
plechallengesbr oughtbyt hepandemi candt heconst ant
changepeopl eencount er.Ithasaf fectedmanysect orsofdifferentcount ri
es, oneofwhi ch
i
st hesect orofeducat i
on.Anoccur renceofamaj orchangei nthissect orl efttheteacher s
andst udent st oadaptt ot hesuddenandcur rentadj ustment s.Adapt ingt hev irt
ualclasses
i
sgi v enimpor tancet oday,forithel psinlimiti
ngphy sicalcontactwi thpeopl e.

Accordi
ngtoSusanWhitingofNiel
sen:"I
nvesti
ngineducationi
scrit
icalt
of oster
ing
growthandinnovat
ionforgenerat
ionstocome.Thehead- spi
nningpaceoft echnologi
cal
changei scr
eati
ngnew opportunit
ies— andpr esenti
ngnew chal l
enges.Improv i
ngour
chil
dren'
seducati
onisthesur
estwayt oensureabright
erfutur
e."

I
ncontrast,
inv
est
ingi
neducat
ionhasalotofadvanat
ges.Byi
nvesti
nghi
ghlyon
educati
on,i
tcanimpactthest
udent
stoexpandtheirknowl
edgeandskil
l
s,andthewayt
o
ensurethei
rfutur
e.

Backgr
ound

Educationcanputpeopl eonapat htowar dsgood heal t

h,empower mentand
employment.Itcanhel ptobui
ldmorepeacef ulsocieti
es.Evidenceshowsthat,
onav er
age,
eachaddit
ionaly earofeducat
ionboostsaper son’sincomeby10percentandi ncr
easesa
countr
y’sGDPby18percent .Somer esearchersesti
mat ethatifever
ychi
ldlear
nedtoread,
around170mi ll
ionfewerpeoplewouldliveinpoverty(Brandt,
2015).

Educati
onasapr ocessinvolv
est eachi
ngandlearningwhichmayoccurinaformal
set
tingasinaschool,i
nanon- f
or malsetti
ngasinart
isantrai
ningcent
ers,
orinaninf
ormal
set
tingasinfamili
esandpeergr oups.Educati
onasaf i
eldofstudyisconcer
nedwiththe
for
malt rai
ning ofteacher
sf ort he vari
ous lev
els and programmes ofeducati
on.A
professi onalteacheri sonewhoi st r
ai nedandcer ti
fiedi nthef i
el dofeducat ion.Educat ion
asapr ogr ammeofi nst r
uctioni nv olvescl assif
icat
ionsofi nstruct i
onsdesi gnedt oaddr ess
teachingandl ear ni
nginv ariousar easofhumanact ivity
.Educat ionasani nstituti
on/agency
i
nv ol
vest heor ganizationofeducat ionaccor di
ngt ot hev ariousor gansr esponsi bleforits
management .Educat ioncanbet houghtofast heprocessofmol dingaper son’schar acter
and pr epar ing such per son f orf unct ionalexi st
ence t hrough t raini
ng and i nstruct
ion.
Educat ioncanal sobeconsi deredasani nvestmentinhumancapi tal.Humancapi talcanbe
described as t he knowl edge,abi lit
ies and ski l
ls ofan i ndiv i
dual,acqui red t hr
ough
educat i
on, tr
ainingandexper i
ence,whi chhel pt helat t
ert obemor eproduct iveandt hus
i
mpr ov ehi spot ent i
alincomeear ning.Byi nvesti
nginhumanbei ngs, wewi llgainfrom some
formsofbenef itsinthef uture.Educat ioncanmakeal asti
ngdi fferencei nchi l
dren’sli
ves.
Buteducat i
on’snotj ustgoodf orchi ldr en,it’
sgoodf ornat ions.Educat ioncanputpeopl e
onapat ht owar dsgoodheal th,empower mentandempl oy ment .Itcanhel pt obui l
dmor e
peacef ul societies.

Ani nvestmentcanbegener all

ydescr i
bedast heuseofmoneyf ort hepur poseof
pr ofitmaki ngorachi ev i
ngsuccessi nbusi ness.Techni cal
ly,t
het er
mi nvestmenti sdef i
ned
ast hepr ocessofaddi ngtost ocksofpr oductiv
easset s,whichmayi ncludet heacquiringof
fixedasset ssuchasbui ldings,pl ants,andequi pment .Ani nv estmentmayal soinclude
spendi ngmoneyt oi mpr ovet hequal i
tyofexi sti
nghumanr esourcesi nanor ganizati
on
thr ough educat i
on.Educat ion i s a ser vi
ce sect orbecause i tis desi gned t o produce
educat edmenandwomenwhowi llcont ri
butet ot hel abourmar ketandul timatelyt he
economy .Gi vent hati tisr esponsi blef ort hedev elopmentofhumanr esourcesi nany
economy , i
nvestmenti neducat ionist antamountt oi nvestmenti nhumancapi talfor
mat ion.
Inv estingi neducat i
oncant akemanyf ormsi ncludingt heest ablishmentandmanagement
ofschool sasabusi nessv ent ureand/ ortheacqui sit
ionofanypar ti
cul artypeofeducat i
on
byi ndi v
idualst o enhance t hei rempl oymentpr ospect s and i ncome ear ni
ng capaci ty.
Gov ernmentcanal soi nv esti nt hedev elopmentofapar t
iculart ypeofhumancapi t al
consi deredi mportanttonat ional development .

Al
ter
nat
ives

Accor
dingto(Ut
â,n.
d),
Ther
eisf
ourr
easonwhyy
oushoul
dinv
esti
neducat
ion.
Theyarethef
oll
owing:

1.Investi
ngineducat i
onisbet
tert
haninvest
inginstocksandbonds.Itmeans
higher
-pai
djobsthanpeoplewit
hlowereducat
ion,i
ncr
easedfi
nanci
alsecur
it
yand
overal
lpeaceofmi ndknowingt
hatyoucanalwaysrel
yony ourski
l
lsandabil
it
ies
togetbackonyourf eet.

2.Invest
ingineducat
ioni
snotli
mitedbyage.Toneverst
oplear
ningi
sagood
st
rategytoimpr
oveone'sl
i
fe.Wecankeepl
ear
ningnomatt
erhowoldweare.
3.Educationprot
ect
susagai nstunempl oymentdur
ingrecession.Youthhavebeen
si
gnif
icantlymoreaff
ectedbyt hecrisi
s,andthi
simpactisevenst rongerf
orlower
-
ski
ll
edy outh.Whenci
tizenssuffer
,thewholecountr
ysuffers.

4.I
nvest i
ngineducat i
onbr i
ngsnewoppur tuni
ties.Whenwei nv
estinour selves,we
open our selves to growth.When we t ake t he time to grow ourmi nd,new
opportuniti
escomeourway :webecomemor ecr eat
ive,wedev el
opnewi deas,we
meetnewpeopl e.Whatwecanachi ev
einourl i
v esisonlylimi
tedbyhowst rongly
webel ieveinour selv
es.It’
scl oselyi
nfl
uencedbyourl evelofsel
f-confidenceand
sel
f-awar eness.Educationfuelsourself-
confidenceandhel psusdomor eanddo
bett
er.Thr ougheducat i
onwecanchangeourmi ndsetandgof rom afixedmi ndset
toagr owt hmi ndsetwhichleadst oanimprovedqual ityofli
fe.

Pr
oposedSol
uti
on

(
1)Wemusti
nvestmor
eineducat
ion.

(2)Investeff
ecti
vel
yonlear
ning,getridofschoolf
ees,i
mpr
ovel
ear
ningassest
ment
,
beingaccountabl
etocommunit
iesforeducat
ionr
esul
ts.

(3)Weneedt oinvestequi
tabl
y.Byt
his,chi
ldr
enwhoar
einneedwi
llhaveaccesst
o
qual
it
ylear
ning.

Onaverage,i
nlow i
ncomecountri
es,abouthalfofallpubl
iceducat
ionresour ces
areall
ocatedtothe 10%ofstudent
sthataremosteducated.Resourcestothewealthiest
quint
il
e ofchi l
dren ar
e up to 18 t
imes lar
gert han those tothe poorestqui ntil
e
(Br
andt,2015)
.

Weshoul dallocatemor er esour

cest oeducationint heearl
ygrades,target
resourcestot hepoorestar eas,andmostmar gi
nali
zedchildr
en;establ
i
shpolici
esand
met hodsthatimprovespendi ngeffi
ciency;andstrengthenlear
ningassestmentsystems
andi mplementaccountabil
it
ymeasur esthatinv
olveparentsandcommuni t
ies.

Recommendat
ions

Invest
ingi
neducati
onpay
sbet
tert
haninv
estingyourmoneyonstocksandbonds.In
i
nvesti
ngtoeducat
ion,t
her
eisnol
oss,onl
ygains;Asourlear
ningi
scontinousl
ydespi
te
ourage;acqui
ri
ngnewski l
l
smeansr unni
nglowerrisksofunempl oymentduringrecessi
on;
Educat
ion islong-
ter
m per sonalinvestment;to setnew st andards f
orper sonaland
prof
essionall
if
e;Changeourmi ndsetfrom fi
xedtogr owth;andl ast
ly,i
nvestmentinself
educat
ionistheonl
yinvest
mentt hatdoesn'
tloseit
sv al
ueovertime.

Whent hegov ernmentofanat i

oni nv esti
neducation,itpreventsdependenceont he
governmentaswel lason f ell
ow citi
zens.Theci ti
zenswi l
lbecomei nnovat
ivewhen
properl
yeducated.Itwil
lalsoleadt oincreaseinthenumberofav ai
lablejobs.Educat
ionis
oneoft hemosti mportantinvestmentsacount r
ycanmakei nitsf ut
ure.GPEsuppor ts
l
ower -
incomecount ri
estoensur ethatev erychi
ldrecei
vesaqual i
tyeducat i
on.Educat
ionis
apower fulagentofchange,andi mpr oveshealthandl iveli
hoods,cont ri
butestosoci al
stabi
li
tyanddriveslong-
term economi cgr owth.

Educat i
onisaf undamentaldriverofper sonal,
nati
onalandglobaldev el
opment.Si nce
thebeginningoft hecent ur
y,recognit
ionoft hishasdrivenmanycount r
iestopursuet he
Mill
ennium Dev el
opmentGoalofachi evinguni ver
salpri
mar yeducati
onander adicating
genderdisparit
iesatalllevel
sofeducat ionby2015.Thi shascont ri
butedt oconsi
der able
progressinexpandingeducat ionaloppor tunit
iesandat t
ainmentwor l
dwi de.Buttherei s
muchmor etobedone( Lee,
2014).

To be sur e,uni v
ersalpr imary education has nearly been achieved.Mor eover
,
considerableprogresshasbeenmadet owardgenderequal it
yineducationalopport
unit
ies
andat t
ainment .Indeed,enroll
mentr at
esf orschool-
agef emaleshaveincreasedsteadi
lyat
al
llevels,reachingnearpar itywithmaleenr ol
mentgl oball
y.Asar esul
t,thegendergapi n
averagey earsofschool i
ngf ortheadultpopulati
on–awi del
yusedmeasur eofeducati
onal
att
ainment–hasnar rowed( Lee,2014)
.
Ref
erence

ht
tps:
//www.academia.
edu/39017343/
Educat
ion_
as_
an_
Inv
est
ment
_and_
its_
rol
e_i
n_
pr
epari
ng_employabl
e_i
ndiv
idual

ht
tps:
//bl
ogs.
uni
cef
.or
g/bl
og/
educat
ion-
the-
most
-power
ful
-i
nvest
ment
-i
n-our
-fut
ure/

ht
tps:
//br
andmi
nds.
li
ve/
why
-you-
shoul
d-i
nvest
-i
n-educat
ion-
in-
2019/

https:
//www.global
part
nership.
org/
benefi
ts-
of-
educati
on#:~:t
ext=Educati
on%20is%20one%20of%20t
he,
can%20make%20in%20i
ts%2
0futur
e.&t
ext=Educati
on%20is%20a%20powerful
%20agent
,dr
ives%20l
ong-
term%20economi c%20growth.

ht
tps:
//www.
wef
orum.
org/
agenda/
2014/
09/
inv
est
-i
n-educat
ion-
income-
inequal
i
ty/