GOVERNMENT FINANCING AND FINANCIAL SUSTAINABILITY OF EDUCATION IN PUBLIC BOARDING SECONDARY SCHOOLS IN NAIROBI CITY COUNTY, KENYA
Ann Mwihaki Mbaire - Postgraduate Student, Department of Accounting and Finance, School of Business Economics and Tourism, Kenyatta University, Kenya
Dr. Charity Njoka - Lecturer, Department of Accounting and Finance, School of Business Economics and Tourism, Kenyatta University, Kenya
Mr. James Muturi - Lecturer, Department of Accounting and Finance, School of Business Economics and Tourism, Kenyatta University, Kenya
ABSTRACT
Financial sustainability of education has faced unprecedented challenges thus calling for a joint concerted effort by various financiers to ensure sustainable education. This research assessed the government financing and financial sustainability of education amongst public secondary schools in Nairobi City County. This research emphasized on resource-based theory. This research adopted the positivism philosophy alongside explanatory research design. Target population was 39 public boarding secondary schools and their respective 39 principals. This research utilized stratified sampling technique to sample schools whilst all principals were selected using census method. The research used strucutred questionnaire and relevant ethical approval letters were obtained for data gathering exercise. Data was analyzed via descriptive statistics and infenerential statitics (correlation and multiple regression) using Statiscal Packages for Social Sciences version 25.0. The research found that government financing had a positive significant connection with financial sustainability of education. On government financing, the research conclude that government financial overall support was inadequate, untimely, and ignored extremely needy students due to unfair distribution. The study recommends that the government should increase the capitation rate to ensure adequacy of its financial support and should prioritize economically vulnerable learners.