Yet federal funds only comprise a small percentage of school and district education budgets. Tables showing funds for U.S. Department of Education State formula-allocated and selected student aid programs, by program and by State FY 2019, FY 2020, and the FY 2021 President's Budget, in PDF and EXCEL formats. Nationally, the most recent data indicates $11,762 is spent on public education per student. A great deal of attention is placed on federal education funding, and for good reason — in the Fiscal Year 2018 budget, the federal government contributed around $71 billion to K-12 education. School administrators do not have complete discretion when deciding how to allocate funds. Government expenditure on education, total (% of GDP) from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Some of the money that flows into the school district is already earmarked for some purpose. Restricted v. Non-Restricted Money. Per-pupil expenses range from $6,000 in some Utah districts to $19,000 in Washington, D.C. Find Out Country Expenditure on education (% of GDP) Year Source Cuba 12.9 2012 Micronesia 12.5 2015 Marshall Islands 12.2 2003 Kiribati 12.0 2001 Djibouti 8.4 2012 Namibia 8.4 2012 Norway 8.0 2016 Botswana 7.8 2012 Significant variation exists across states; New York … The minimum distribution, allotted to 69 schools or districts, was $40,000, while Milwaukee Public Schools marked the high end of the spectrum, at nearly $56 million — though about $15 million of that is slated to go to the city’s private schools.