Statistics Iceland has calculated the average operational cost per student in all primary schools that are run by local governments, according to paragraph 3, Article 43, Act No 91/2008 on Primary Schools and paragraph 7, Directive No. 699, July 25, 2012 on the accreditation of primary schools and the minimum contribution from local governments to such schools.
This calculation is done according to paragraph 2 in Article 7 of the aforementioned directive that states:
„The calculation made by Statistics Iceland according to paragraph 1 shall be available in September each year. The calculation shall be based on the Annual Reports of local governments for the previous year, according to price changes until the day the calculations are done. Calculation of price changes shall be done according to general rise in the wages of employees of primary schools and changes in the consumer price index allowing for the weight of each component in the operational cost of the primary schools.”
The average operational cost per student in primary schools in 2015 turned out to be ISK 1,651,002 and the increase in the weighted average price level from 2015 until September 2016 was estimated at around 4.1%.
The findings of the calculation are thus, that the estimated operational cost per student in primary schools that are run by local government is ISK 1,719,292 in September 2016.