To coincide with the Public Accounts Committee session, the National Association of Headteachers released a report of their survey of school funding, which reveals that school budgets are closer to ‘breaking point’ than they were last year. The report's main findings are;
nearly three quarters of school leaders said their budgets will be unsustainable by 2019/20
the number of schools in deficit more than doubled since the 2015 survey, from 8% to 18%
the number of schools who were only able to balance their budget by making cuts or using reserves increased from 64% in 2015 to 71% in 2016
the key reason for this financial pressure was the increases in employers’ pension and national insurance contributions
47% said the decline in Local Authority services was a cost pressure
The General Secretary of the National Association of Headteachers, Russell Hobby, said “the money coming into schools is not keeping up with the expenditure they face. As the Institute for Fiscal Studies pointed out recently, the government's funding commitment equates to the first real terms cut in education spending since the 1990s."