Primary, intermediate, and tertiary educational institutions' annual spending per student in OECD nations in 2018 primary education cost 21,143 dollars on average, secondary education cost 25,421 dollars.
Congress provides fiscal resources, also referred to as appropriations, to federal agencies on a yearly basis. The Department of Education (ED) allocated $637.70 billion among its 10 sub-components in FY 2022. When budgetary funds are available, agencies use them to fulfill responsibilities.
The majority of current education spending in the United States is made up of salaries. The share of current expenses for employee salaries declined from 60% to 55% between 2009–10 and 2018–19.
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