Indicators of Evaluating Productivity and Frugality of Usage of Budget Funds by Higher Education Institutions

А. Didyk and Y. Pogorelov
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А. Didyk: Accounting chamber of Ukraine, Kiyv, Ukraine

Вестник Киевского национального университета имени Тараса Шевченко. Экономика., 2019, vol. 1(202), issue 202, 20-28

Abstract: There are existing approaches to evaluate results of higher education institutions activity described in the article. Legislative basis of the task of evaluating productivity and frugality of using b udget funds by higher education institutions is built. Content of notions “productivity” and “frugality” concerning usage of budget funds is specified. To evaluate productivity and frugality of usage of budget funds by higher education institutions necessary instrumental tools are formed. They contain requirements for indicators, descriptive and phenomenological approaches, structural and matrix methods. Some requirements for indicators to evaluate productivity and frugality of usage of budget funds by higher education institutions are suggested. They are informational adequacy, content stability, coherence, quantitative form, simplicity of calculation, unambiguousness of calculation, ability to find primary data for calculation etc. There are main kinds of activity of higher education institutions considered to evaluate productivity and frugality of usage of budget funds. They are educational, innovative, scientific, and methodical activities. There are some quantitative indicators suggested for every considered kinds of activity of higher education institutions in the article. To find risks of unproductive and non-frugal usage of budget funds by higher institutions necessary facts and signals are suggested. Existence of such facts and signals in activity of any higher education institution can be considered as evidence of additional risks including risks of corruption.

Keywords: productivity of usage of budget funds; frugality of usage of budget funds; higher education institution; indicator; requirement; descriptive approach; phenomenological approach; matrix method; structural method (search for similar items in EconPapers)
Date: 2019
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