Determinants of financing higher institutions education of Ukraine in the conditions of modern challenges

Varnalii Zakharii
Doctor of Economics, Professor of the Department of Finance, Taras Shevchenko National University of Kyiv, Kyiv, E-mail: vzs1955@gmail.com, ORCID ID: https://orcid.org/0000-0002-6654-8760

Cite this article:

Varnalii Z. (2022) Determinants of financing higher institutions education of Ukraine in the conditions of modern challenges. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Determinanty finansuvannia zakladiv vyshchoi osvity Ukrainy v umovakh suchasnykh vyklykiv; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 3-4 (292-293), pp. 38-45.

Abstract

The aim of the article is to analyze the current state of financing of higher education institutions, the higher education system of Ukraine, assess the prospects of its development taking into account the determinants of modern challenges and threats to national, including financial, security.Research methodology. The methodological basis of the article is a set of general scientific and special methods of financial support of higher education institutions of Ukraine. In particular, economic and mathematical research methods were used; statistical and comparative analysis; graphic and tabular methods, etc. The results of the study are that the financial opportunities and prospects for the development of higher education institutions in Ukraine depend on the financial stability of the state budget, gross domestic product, socio-political situation in the country, which has been significantly exacerbated since 2014. conflict in eastern Ukraine, the COVID-2019 pandemic, and from February 24, 2022, a full-scale invasion of the Russian aggressor into Ukraine). Particularly important and relevant in today's endogenous and exogenous challenges for the development of education in Ukraine is the focus on the determinants of good governance in higher education, which involves modernizing the network of higher education institutions, increasing budget funding and improving the budget allocation formula, expansion of state lending for higher education, formation and support of research universities. The practical significance of the research results is that the proposals will contribute not only to the quality of higher education institutions in Ukraine, but also to the preservation of national educational systems and their potential, strengthen their financial security and competitiveness in education and research.

Keywords

financing, institutions of higher education, financial resources, financial potential, financial management, determinants, financial security, modern challenges.

JEL classification: Н100; DOI: 10.32680/2409-9260-2022-3-4-292-293-38-45

UD classification:378.31 (477)

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