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. Samuelson , P. A. 1955 Diagrammatic exposition of a theory of public expenditure Review of Economics and Statistics 37 350 – 356

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, Bangladesh, Australia and the United States. In 2007–08, public expenditure on education as % of GDP was 3.81 % and as a percentage of Government budget was 16.80 %. The public expenditure on higher education as a percentage of GDP was 0.4 % in 2007

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key issue in many countries where universities are faced with demands for greater accountability and governments require value for money for public expenditure on higher education. At the end of the 1990s there were more than 50 agencies worldwide that

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