Public School Finance and Financial Management in the Maldives: Policies, Leadership, and Budgetary Practices examines the structure, policies, and practices that shape financial management in Maldivian public schools. The book provides an in-depth analysis of how education financing is organized within a centralized governance system and how financial policies influence school leadership, budgeting processes, and resource utilization.
The book begins by outlining the national policy framework governing public school finance in the Maldives, highlighting the dominant role of the Ministry of Education and the Ministry of Finance in budget planning, allocation, and oversight. It discusses the mechanisms of student-based funding, autonomous and non-autonomous budgeting systems, and the regulatory requirements that guide expenditure, procurement, and financial accountability in schools.
A significant focus of the book is on school leadership and financial management. It explores the roles and responsibilities of school principals and budget officers, emphasizing the challenges they face in balancing instructional priorities with financial compliance. The book addresses issues related to financial adequacy, limited autonomy, and capacity gaps in financial management skills among school leaders, and how these factors affect school effectiveness.
The book further analyzes budgetary practices, including budget planning, monitoring, review, and control, and examines their implications for professional development, teaching quality, and student learning outcomes. It also considers alternative funding sources such as school-based fundraising and partnerships, and evaluates their contribution to financial sustainability.
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