Investment in education is a long-term strategy for enhancing human capital and economic productivity. Empirical studies indicate that each additional year of schooling can increase an individual's earnings by approximately 10%, a return that surpasses many traditional financial investments. Furthermore, increased per-pupil spending has been linked to improved student outcomes, including higher test scores, graduation rates, and future earnings. However, the effectiveness of education spending is contingent upon its allocation; investments in areas such as teacher quality, early childhood programs, and instructional support tend to yield more significant benefits. Therefore, while education funding is critical to human capital development, its impact is maximised when strategically directed towards evidence-based interventions.
