The data indicates that Public Education Final Consumption Expenditure in Malaysia has been experiencing steady growth. In 2023, the expenditure stood at 66.07 billion Malaysian Ringgits. Over the last two years, the year-on-year variations were 5.82% in 2022 and 3.54% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years has been 3.56%, showing moderate but consistent growth. Looking towards the forecasted data, there is an expected annual average growth rate of 2.44% over the next five years, culminating in a total growth rate of 12.79% by 2028.
Future trends to watch for include government policy changes regarding education budgets, economic factors affecting public spending, and potential new initiatives in education technology that could influence expenditure patterns. Monitoring these elements will be crucial for assessing the trajectory of public education spending in Malaysia.