Finland's experiences in financing education

Abstract
Finland is considered one of the best countries in the world in the efficiency of the educational system, according to the last two assessments for the years 2003 and 2006, which were conducted by the Organization for Economic Cooperation and Development. Finland spends about 8.159 dollars annually on the services provided to every student in the primary stage, while the volume of spending on preparatory and secondary school students amounts to $ 12.545 and $ 8.467 dollars annually, respectively. From a review of Finland’s experiences in financing education, we draw the following conclusions:
-       The Finnish education system is centralized, as it is financed -basic- from the government there.
-       By analyzing the educational situation in Finland, it is free at all educational levels, starting from pre-primary education to higher education.
-       Between (11% and 12%) of the state's general budget and the budgets of Finnish municipalities are spent on education, and that percentage covers free pre-school education, basic education, secondary education, technical education, higher education, continuing education, and higher studies.
-       Responsibilities of funding are divided between the federal government and local governments at a rate of 57% in favor of the federal government, 43% for local governments, and the percentage of GDP spending on education reached 6.5%.
-       In addition to the shared responsibility for financing educational services between the state and local authorities in Finland, there is a pattern of private educational service providers, as they are entitled to receive support from the state to cover the establishment of their own educational institutions.