FINANCING EXPENDITURES IN EDUCATION - AN IMPORTANT STATE STRATEGY

Luminița Andone ()
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Luminița Andone: University of Oradea, Romania

Contemporary Economy Journal, 2021, vol. 6, issue 4, 35-39

Abstract: The financing of education is done according to the methods of financing expenditure from the state budget, as well as from the local budget, respecting the established norms regarding the provision of financial resources to the education units. In secondary education, the financing expenditure is being done through two budgets, respectively: the state budget - through School Inspectorates and the local budget - through town halls or country councils. The expenditures must fall within the budget approved at the beginning of the year. The development of education is carried out under the requirements of the different stages of economic and social evolution and with equal access to training for all members of society. Education is called to contribute to an increasing extent to the overall progress of society. The increase in public expenditure on education is due to the action of several factors: demographic, economic, social, political.

Keywords: financing; expenditure; investments; education (search for similar items in EconPapers)
JEL-codes: I22 I25 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:6:y:2021:i:4:p:35-39

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