The developing countries with limited government budget are argued about whether money should be allocated to educational and healthcare systems, or whether it will be better to spend money on employment-generating projects. While this shift can pose certain outcomes, particularly enhancing economic stability and more job opportunities, I personally view it as mostly non-profitable, leading to poor health in the nation and lack of educational facilities.
One key explanation why governments, especially in developing countries, are funding to workforce development programs is the increased employment prospects it offers. When governments invest on employment boosting programs, it financially would support low salary families, with jobs suited to their physical appearance, leading to more increased workforce in all sectors, ultimately improving physical well-being of the country. Beyond this, greater economic consistency also has its merits. As soon as it expands job availability, both genders’ workforce in all job sectors can increase country’s annual revenue, driven by more taxes paid, and consequently elevates financial stability. As a result, this not only opens up more career paths, but also boosts financial resilience.
However, despite these favorable outcomes, I am more convinced that budgeting money to institutional and healthcare systems are more important. Education plays a significant role in modern society. If there is a lack of financial support in educational prospects, it can lead to severe ramifications. Firstly, younger generations will experience financial burnout in families, ceasing from studying, otherwise starting working at an early age. As a result, the whole motivation of youngsters of studying will be overtaken by earning money. On the other hand, healthcare infrastructure will lack sufficient equipment for treating patients, leading to increased payments for treating in hospitals, therefore rising poor health in the nation. Thus, to prevent from those potential issues it is essential to distribute funds to academic and healthcare networks.
In conclusion, although supporting employment programs have merits, it is crucial to designate money for educational and health infrastructures to prevent potential economic burnouts in the future and growing health issues in the nation.