CHALLENGES AND WAY FORWARD TO EFFECTIVE UTILIZATION OF FISCAL RESOURCES IN EDUCATION

Abstract

The paper discussed the challenges and way forward to effective utilization of fiscal resources in education sector. Fiscal resources are all forms of financial resources that are available for the running of education. With the realization that fiscal resources are very vital in education and are not enough to accomplish all goals, it is necessary that the resources available are efficiently managed for optimum achievements of educational goals and objectives. The paper identified some challenges to effective utilization among others include, lack of detailed budget plan, lack of skilled and qualified manpower, insufficient fiscal resources and lack of administrative skills. The paper concludes that the important of fiscal resources in education cannot be overemphasized therefore, there should be proper managements of funds for effective utilization in the accomplishment of educational goals. Possible suggestions made includes appropriate employment of skilled staff, training and re-training of staffs and discovering more sources of funds.