The Romanian Education Budget: Financing Pre-University Education (2001–2020)

Alina Caldararu (Iliescu) (), Gabriella Szekeres (Vancza) () and Mihai Paunica ()
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Alina Caldararu (Iliescu): Bucharest University of Economic Studies
Gabriella Szekeres (Vancza): Bucharest University of Economic Studies
Mihai Paunica: Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 2, 962-969

Abstract: Although the economic crisis has not been as substantial to Romania as it has been to Greece or Ireland, it has still had an impact on the education system. The Romanian education budget underwent significant changes in the periods 2001-2020. The budgetary policies for secondary education were affected by the periods of economic crisis. When the economy is recession, the government is more likely to reduce the public expenditure, which includes education. The Economic Crisis of 2008 led to the government reducing the budget for education in Romania in order to balance spending. This meant that there were budget cuts for secondary education in Romania in the period 2001-2020. This paper will review literature on Romania’s pre-university budgetary allocation and conduct a regression analysis to establish the relationship between GDP on the hand and GNI index and Government expenditure on secondary education between 2000 and 2020.

Keywords: economic crisis; pre-university budget; recession; education budget; budget cuts (search for similar items in EconPapers)
JEL-codes: H52 H61 H75 I22 M48 P43 P44 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:962-969

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