Financial Management of the Romanian Preuniversitary Education Institutions

Irina Maria Alexandru and Gheorghe Matei
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Gheorghe Matei: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2019, vol. 1, issue 21, 63-78

Abstract: In this article we present the problem of the financial management of the preuniversitary education institutions in Romania in the context of the microeconomic approach of schools, describing the economical metaphor - school as an enterprise with the basic elements of the microeconomic theory. If we speak strictly of educational institutions, it is compulsory to consider the relationship established between the concepts of "ideal education – educational goal -educational objectives", taking into account different levels of generality. The aim to obtain better solutions for the financial management of the pre-university school institutions by describing the basic concepts in the field, its dynamic components as well as the structural-systemic ones, of the practices used at this level. The article follows the conceptual, perspective aspects of managing the financially difficult situations which the school organizations are confronted with. We also called into question the educational policies that exist not only at national level, as well as the actions and practices of developing and implementing educational policies which can be lowered to local public administration or school management. Even if prior expertise is essential in using concepts and rules of inference, this "art" can become routine if an effort is made to linearize, standardize analysis processes, problem-solving, and decision-making.

Keywords: financial management; public institution; budget; budget system. (search for similar items in EconPapers)
JEL-codes: H75 I00 I22 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2019:i:21:p:63-78

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