Educational Finance in Thailand - UNESCO Bangkok
Educational Finance in Thailand - UNESCO Bangkok
Educational Finance in Thailand - UNESCO Bangkok
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F<strong>in</strong>al Report, Volume II/3 Anthony. Cresswell: <strong>Educational</strong> <strong>F<strong>in</strong>ance</strong> <strong>UNESCO</strong>-PROAP TA 2996-THA<br />
Education Management and <strong>F<strong>in</strong>ance</strong> Study July 1999<br />
Figure 6 - Number of private school students ow<strong>in</strong>g money, 1997 and 1998<br />
Number of Private School Students Ow<strong>in</strong>g Money<br />
1997 & 1998<br />
250,000<br />
Number of Students<br />
200,000<br />
150,000<br />
100,000<br />
50,000<br />
0<br />
Pre-Primary Primary Lower Secondary Upper Secondary<br />
1997 1998<br />
e. The average amounts owed by upper secondary school students is quite large, <strong>in</strong><br />
spite of their small numbers, due to the higher tuition and fees <strong>in</strong>volved at that<br />
level of the education system. Although comparable figures are not available for<br />
the public schools, there is every reason to believe that the nature of the f<strong>in</strong>ancial<br />
impact is at least as severe <strong>in</strong> that sector.<br />
f. These <strong>in</strong>dicators from Figure 2 and Figure 3 show that the relative magnitude<br />
of the <strong>in</strong>itial crisis <strong>in</strong> <strong>Thailand</strong> was very serious, exceeded by a significant marg<strong>in</strong><br />
only <strong>in</strong> Indonesia. However, the more recent trends suggest that the recovery <strong>in</strong><br />
<strong>Thailand</strong> may be somewhat more rapid than <strong>in</strong> nearby countries. The proportional<br />
rebound <strong>in</strong> both currency and asset values for <strong>Thailand</strong> was greater than for any<br />
Asian country except Korea, and appears to be ma<strong>in</strong>ta<strong>in</strong><strong>in</strong>g that pattern. The value<br />
of the Baht dropped to 55/$1US <strong>in</strong> 1998, but has been trad<strong>in</strong>g at approximately<br />
36-38/$1US dur<strong>in</strong>g the first quarter of 1999. However the effects on the<br />
population and on the educational system cannot be expect to dissipate rapidly.<br />
Therefore the need for appropriate reform measures rema<strong>in</strong>s strong.<br />
1.3. Implications of the f<strong>in</strong>ancial crisis for educational f<strong>in</strong>ance<br />
1.3.1. Ma<strong>in</strong> themes<br />
a. The implications of the f<strong>in</strong>ancial crisis for educational f<strong>in</strong>ance can be described<br />
<strong>in</strong> terms of three basic themes. One is the stra<strong>in</strong> the crisis places on Government<br />
resources, reduc<strong>in</strong>g the amount available for direct support of education. A second<br />
is the impact of the crisis on <strong>in</strong>dividual and households <strong>in</strong>come, reduc<strong>in</strong>g their<br />
ability to afford the costs of education. The third theme is the relationship of the<br />
crisis and its effects with the Government’s current educational f<strong>in</strong>ance reform<br />
<strong>in</strong>itiatives. In relation to the first theme, it has been necessary for the Government<br />
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