THE ROLE OF THE STATE IN FINANCING THE HIGHER EDUCATION SYSTEM

Abstract

The higher education system faces conflicts between high technology, skills, experience and fulfillment of state obligations within financial constraints. What distinguishes higher education from primary and secondary education is that it can operate according to the laws of the market economy. The importance of mutual competition and the price factor in it justify the emergence of financial management as a necessary category in the system.
Financing the higher education system is intended not only to develop human capital, but also to strengthen the country's reputation in the geopolitical field in the long term. In the 21st century, the world economy and global relations have become a system that requires radical changes and a very skillful approach and experience. This, along with the requirement for high knowledge and skills, has created the basis for the emergence of completely unexplored requests for higher education.