Kyrylo Kryshchenko
https://orcid.org/0009-0007-7145-6709
BUDGET PLANNING AS A FACTOR IN IMPROVING THE EFFICIENCY OF EDUCATION FINANCING IN UKRAINE
Full text (pdf)
Language: Ukrainian
Abstract. The article examines the issues of budget planning as a factor in increasing the efficiency of education financing in Ukraine. Budget planning plays a crucial role in enhancing the efficiency of education financing in Ukraine. A well-structured and strategic budget is essential for addressing the diverse needs of the education sector and ensuring optimal utilization of financial resources. Transparency and openness in the budgeting process are equally vital. Providing accessible information on budget allocations fosters accountability and engages stakeholders, including educators, parents, students, and the broader community. This collaborative approach ensures that budgetary decisions align with the expectations and aspirations of those directly affected by educational funding. Targeted funding strategies should be employed to direct financial resources to priority areas within education. Whether it’s investing in modern educational technologies, innovative teaching methods, or teacher development programs, allocating resources strategically can significantly enhance the overall quality of education. Financial discipline is another critical aspect. Implementing mechanisms for monitoring and evaluating the effectiveness of budget expenditures helps identify areas for improvement. This feedback loop enables continuous refinement of budgetary strategies, promoting a more efficient allocation of resources. Innovative financial instruments, such as partnerships with the private sector and philanthropic foundations, can also be explored to supplement traditional funding sources. This diversification of funding sources provides a sustainable foundation for educational development. Regular monitoring and assessment of budget outcomes contribute to a dynamic and responsive budgeting process. This approach allows for adaptability to changing circumstances, ensuring that educational financing remains effective and aligned with the evolving needs of the education sector. In conclusion, effective budget planning is integral to the enhancement of education financing in Ukraine. By prioritizing transparency, strategic allocation, financial discipline, and innovation, the education sector can achieve greater efficiency and, ultimately, provide a higher quality of education for the country’s learners.
Keywords: budget planning, program-target method, budget programs, budget financing of education.
https://doi.org/10.32987/2617-8532-2023-5-21-30
Keywords: budget planning, program-target method, budget programs, budget financing of education.
https://doi.org/10.32987/2617-8532-2023-5-21-30
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6. Tymoshenko, M. (2020). Prospects for the introduction of medium-term budget planning at the current stage of Ukrainian economy development. Ekonomika ta derzhava, 12, 21-26. DOI: https://doi.org/10.32702/2306-6806.2020.12.21 [in Ukrainian].
7. Tymoshenko, M. V. (2023). Budget policy of Ukraine in the context of uncertainty and countering geopolitical challenges. Scientific Notes of Lviv University of Business and Law, 37, 148-154. Retrieved from https://nzlubp.org.ua/index.php/journal/article/view/796 [in Ukrainian].
8. Verkhovna Rada of Ukraine. (2010). Budget Code of Ukraine (Act No. 2456-VI, July 8). Retrieved from https://zakon.rada.gov.ua/laws/show/2456-17#Text [in Ukrainian].
9. Repko, M., & Ruda, Yu. (2017). Ukrainian-style education: 129 billions hryvnya – a waste or an investment in the next generation? VoxUkraine. Retrieved from https://voxukraine.org/osvita-po-ukrayinski-ua [in Ukrainian].
10. Ministry of Finance of Ukraine (2002). On passports of budget programs (Order No. 1098, December 29). Retrieved from https://zakon.rada.gov.ua/laws/show/z0047-03#Text [in Ukrainian].
11. Demianyshyn, V. H., & Nyshta, Yu. R. (2022). Directions for improving budget planning of local budget revenues and expenditures in Ukraine. Topical issues of financial theory and practice, 2, 40-41. Ternopil: ZUNU. Retrieved from http://tinyurl.com/yt5fkcbe [in Ukrainian].