Low investment into ECE is costing the nation.
Currently less than one percent of GDP is invested into ECE which is being linked to costing the nation three percent of GDP annually
Every Child Counts is launching a new campaign to highlight the importance of adequate public and community investment in a child’s early years – the first 1000 days of life – by releasing a report that shows poor outcomes for children are costing the nation at least 3 percent of GDP, or $6bn per annum. These costs are comprised of health, remedial education, justice and reduced productivity.
“It is recognised internationally that the first 1000 days are the most important phase of a child’s development and if we don’t get it right for every child the costs are high. We also want to urge politicians to make good use of the 1000 days they have in each parliamentary term to advance the interests of children,” said Murray Edridge, Chair of Every Child Counts.
The full report can be viewed here