Formation of the system of financial support of higher education institutions in Ukraine
Keywords:
higher education, financing, Ukraine, inflation, Russian aggression.
Abstract
In the conditions of a military challenge, the financial system of Ukraine is under significant pressure, which also affects the supply of universities. The purpose of the article is to analyze the formation of the system of financial support of higher education institutions in Ukraine. System analysis, comparison, modeling became the main methods for writing research. The research used indicators of expenditures of the consolidated budget of Ukraine. In the results, the role of the inflationary challenge in the financial support of higher education institutions of Ukraine was traced, and it was established that in fact the real volumes of budget financing of the industry (at the level of 7% of GDP) were never reached. Ensuring financial diversification is an important aspect for overcoming negative manifestations of lack of funds. The article traces separate methods: the introduction of a targeted tax, independent financial activity and the help of patrons, implementation of joint projects with private structures, receiving international financial assistance. With the help of content analysis, the strengths and weaknesses of all the proposed paths were determined. The conclusions state that in the conditions of martial law, the last two items are the most relevant sources of filling university budgets.
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References
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Chakrabarti, R., Gorton, N., & Lovenheim, M. (2020). State investment in higher education: Effects on human capital formation, student debt, and long-term financial outcomes of students. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3710347
Cummings, K., Laderman, S., Lee, J., Tandberg, D., & Weeden, D. (2021). Investigating the impact of state higher education appropriations and financial aid. SHEECO. Retrieved from https://acortar.link/3QC4d6
Dowd, A. C., Rosinger, K. O., & Fernandez Castro, M. (2020). Trends and perspectives on finance equity and the promise of community colleges. In Higher education: Handbook of theory and research (p. 1–72). Springer International Publishing. https://doi.org/10.1007/978-3-030-11743-6_7-1
Hnydiuk, I., Datsenko, G., Krupelnytska, I., Kudyrko, O., & Prutska, O. (2021). Audit of budget programs in European Union Countries. Universal Journal of Accounting and Finance 9(4), 841–851.
Järvis, M., Tambovceva, T., & Virovere, A. (2021). Scientific innovations and advanced technologies in higher education. Futurity Education, 1(1), 13-22. https://doi.org/10.57125/FED.2022.10.11.2
Levchenko, Y., Tsizhma, Y., Slobodian, N., & Nehoda, O. (2022). Organization and planning of the enterprises of the future: legal status. Futurity Economics & Law, 2(4), 22–29. https://doi.org/10.57125/FEL.2022.12.25.03
Londar, S., Tereshchenko, H., Anisimova, O., Londar, L., Hapon, V., Chymbai, L., Barabash, O., Sharaievska, M., Sofiienko, A., Chytaieva, K., Zatonatska, T., & Bakhrushyn, V. (2021). Improving the financing of the education system of ukraine as a prerequisite for successful reform. Kyiv: State Scientific Institution “Institute of Educational Analytics” (SSI “IEA”). https://iea.gov.ua/wp-content/uploads/2022/05/finansuvannya-osviti-2021.pdf (in Ukrainian)
Lysiak, L., Petrova, Y., & Tsiupiak, P. (2020). Financial provision of higher education in Ukraine: status and improvement directions. Efficient economy, 12. https://doi.org/10.32702/2307-2105-2020.12.15 (in Ukrainian)
Mgaiwa, S. J. (2018). The paradox of financing public higher education in Tanzania and the fate of quality education: The experience of selected universities. SAGE Open, 8(2), 215824401877172. https://doi.org/10.1177/2158244018771729
Miningou, E. W. (2019). Quality education and the efficiency of public expenditure: A cross-country comparative analysis. Washington, DC.: World Bank. https://doi.org/10.1596/1813-9450-9077
Ministry of Education and Science of Ukraine (2021). Report on the review of state budget expenditures. [File PDF]. Retrieved from https://acortar.link/X3fdkz (in Ukrainian)
Ministry of Finance and Media (2023). Expenditures of the consolidated budget of Ukraine. Retrieved from https://index.minfin.com.ua/ua/finance/budget/cons/expense/2023/ (in Ukrainian)
Ministry of Finance and Media (2023). Inflation index in Ukraine. Retrieved from https://index.minfin.com.ua/ua/economy/index/inflation/ (in Ukrainian)
Nelipa, D., Batrymenko, O., Rudenko, S., & Liashenko, I. (2018). Higher education management in Ukraine: Will generation change help us transform it faster? Scientific Bulletin of National Hirnichoho University, 3, 167–175. https://doi.org/10.29202/nvngu/2018-3/19
Oleksiienko, A., Kotendzhy, L., Kyryllova, Y., Kaminskyy, V., & Viesova, O. (2022). An analysis of the digital university phenomenon: dilemmas, new opportunities. Futurity Education, 2(4), 18–25. https://doi.org/10.57125/FED.2022.25.12.02
Ovcharova, S. (2022). On the relationship between digitalization and the national smart economy model to achieve strategies of innovative progress. Futurity Economics&Law, 2(3), 28–38. https://doi.org/10.57125/FEL.2022.09.25.04
Rosinger, K., Kelchen, R., Baker, D. J., Ortagus, J., & Lingo, M. D. (2022). State higher education funding during COVID-19: Lessons from prior recessions and implications for equity. AERA Open, 8, 233285842210912. https://doi.org/10.1177/23328584221091277
Sokol, T., & Melko, L. (2022). Current challenges of higher education in Ukraine. Pedagogy and Education Management Review, 1, 49–53. https://doi.org/10.36690/2733-2039-2022-5-49
Zhdan, V. M., Holovanova, I. A., Khorosh, M. V., Bіelikova, I. V., & Lyakhova, N. A. (2022). Analysis of the legislative activity of the ministry of health of Ukraine in the conditions of the russian-ukrainian war in 2022. Medical News, 75(6), 1425–1433. https://doi.org/10.36740/wlek202206101
Published
2023-06-30
How to Cite
Hnydiuk, I., Hataullina, E., Marshuk, L., Timoshenko, N., & Cherneha, V. (2023). Formation of the system of financial support of higher education institutions in Ukraine. Amazonia Investiga, 12(65), 141-148. https://doi.org/10.34069/AI/2023.65.05.14
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