2011Procedia - Social and Behavioral SciencesOpen access

Comparative analysis between the models for financing of education in Romania and the United Kingdom

Nicolae Todea, Doina Maria Tilea

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Abstract

Our knowledge of the organization and financing of education in most major countries of the world, as an example and a way for a better understanding of the progress achieved during the transition and directions to be followed to achieve compatibility and standards system at our higher education worldwide. International experience has shown that public financing of higher education, to meet present requirements, likely mixed: - core funding, budget allocations, ensuring access to education, quality and consistency of teaching; - additional funding obtained by the institution's own efforts and resources, other than the state budget. Moreover, an important step in the reform process was a replacement funding budget chapters with overall funding of the university-based institutional contract with the Ministry of Education. This change was a way to get better performance in education and research through a better management of financial resources. Thus, the financing of public universities will be determined by the performance and efficiency criteria.

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Our knowledge of the organization and financing of education in most major countries of the world, as an example and a way for a better understanding of the progress achieved during the transition and directions to be followed to achieve compatibility and standards system at our higher education worldwide. International experience has shown that public financing of higher education, to meet present requirements, likely mixed: - core funding, budget allocations, ensuring access to education, quality and consistency of teaching; - additional funding obtained by the institution's own efforts and resources, other than the state budget. Moreover, an important step in the reform process was a replacement funding budget chapters with overall funding of the university-based institutional contract with the Ministry of Education. This change was a way to get better performance in education and research through a better management of financial resources. Thus, the financing of public universities will be determined by the performance and efficiency criteria.

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Available abstract

Our knowledge of the organization and financing of education in most major countries of the world, as an example and a way for a better understanding of the progress achieved during the transition and directions to be followed to achieve compatibility and standards system at our higher education worldwide. International experience has shown that public financing of higher education, to meet present requirements, likely mixed: - core funding, budget allocations, ensuring access to education, quality and consistency of teaching; - additional funding obtained by the institution's own efforts and resources, other than the state budget. Moreover, an important step in the reform process was a replacement funding budget chapters with overall funding of the university-based institutional contract with the Ministry of Education. This change was a way to get better performance in education and research through a better management of financial resources. Thus, the financing of public universities will be determined by the performance and efficiency criteria.

Key concepts: Christian ministry, Finance, Higher education, Business, Consistency (knowledge bases), Accounting, Economic growth, Economics

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