ARE WE SPENDING ENOUGH ON EDUCATION? OR TOO MUCH?

This is a question that gets debated a lot around the time the kids go back to school in the Philippines.

The answer given by virtually everybody trying to reform the education system is a resounding NO. But it seems that whatever the diagnoses of what is wrong with the education system someone comes up with, it also requires a cure that will cost a lot more money than what is being appropriated now.

I think this usually leads to an intellectual dead-end for the analysis and proposed solution because I think the problem lies not in the amount we are spending, which has always increased in absolute terms, if not in per capital terms.

I think the problem lies in HOW the money is spent, and on what:
It goes mostly to salaries with little left over capital expenditures on school buildings, desks, computers, libraries and books.

Yet, the Education already gets "the highest budgetary priority" per year! Yet, the level is decreasing. What's wrong with the pedagogic now?