According to TES, more than a quarter of maintained secondary schools were in debt in the last academic year, according to a new Ofsted report on school finances.
The watchdog said that 28 per cent of maintained secondary schools were in debt by an average of more than half a million pounds.
It said that 43 per cent of local authority maintained primary schools and 36 per cent of local authority maintained secondary schools had balances deemed to be ‘excessive’ by the Department for Education (DfE) in 2018–19.
The new report said that schools in debt had responded by reducing the numbers of teachers and other staff; cutting spending on school premises and learning resources; and asking for parental contributions.
Read full article here Ofsted: Schools ‘not balancing their books’
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