, Bangladesh, Australia and the United States.
In 2007–08, publicexpenditure on education as % of GDP was 3.81 % and as a percentage of Government budget was 16.80 %. The publicexpenditure on higher education as a percentage of GDP was 0.4 % in 2007
key issue in many countries where universities are faced with demands for greater accountability and governments require value for money for publicexpenditure on higher education. At the end of the 1990s there were more than 50 agencies worldwide that