Improvement of Financing of Educational Activities of Higher Education Institutions in Ukraine

Обушний, Сергій Миколайович (2019) Improvement of Financing of Educational Activities of Higher Education Institutions in Ukraine European scientific journal of Economic and Financial innovation, 2 (4). pp. 57-67. ISSN 2617-863X 2617-8648

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Abstract

The article studies the main matters of financial support of the institutions of higher education activities, provides characteristic and analysis of the current system, developed recommendations for regulating the level of financial support of the specific institution of higher education and the higher education system as a whole. The study revealed that the field of activity of higher education institutions is not able to increase and make progress without relevant funding and constant investment. Due to insufficient funding the reformation process of higher education system is rather complex despite of updates, new requirements and needs. Therefore, the search of alternative sources of funding of higher education institutions is becoming a pressing case. The research of insufficiency of the financing system of higher education institutions allows us to highlight the list of proposals on transformation of the financial situation. Based on the analyzed experience of foreign countries, determined conditions that allow to implement it in Ukrainian society; proposed the set of measures for assessment the effectiveness of the financial mechanism of higher education institutions; given the comparative analysis and the influence of economic factors. It was determined that in order to overcome the problems of financing the educational activities of higher education institutions, it is necessary to implement the set of measures, specifically: to develop the system of transformation of internal processes, to amend legislative documents, including the financing procedure; to develop mechanisms of determining the needs in the certain specialists within the certain intervals; to improve and distribute the state crediting and subsidy assistance programs. The movement in the direction of modern economic and social shifts, the transition to an innovative type of economics is the absolutely right way for our Country. The concentration of all possible efforts is crucial in order to increase the effectiveness of higher education institutions, despite the great pressure on the higher education system and constant requirements. Moreover, it is necessary to create requirements to implement the assigned responsibilities to the institution of higher education, overcoming the total lack of financial resources allocated to this field.

Item Type: Article
Uncontrolled Keywords: budget financing; higher education institutions; financing mechanisms; educational services; financial provision
Subjects: Articles in journals > Наукові (входять до інших наукометричних баз, крім перерахованих, мають ISSN, DOI, індекс цитування)
Divisions: Факультети > Факультет інформаційних технологій та управління > Кафедра фінансів та економіки
Depositing User: Сергій Миколайович Обушний
Date Deposited: 24 Mar 2020 09:04
Last Modified: 24 Mar 2020 09:04
URI: http://elibrary.kubg.edu.ua/id/eprint/28909

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