THE PROCESS OF THE EDUCATION FUNDING SYSTEM AS ONE OF THE MAIN DIRECTIONS OF THE STATE STRATEGY FOR THE DEVELOPMENT OF EDUCATION

In many countries of the world, education statistics are measured in high figures at the expense of quantitative indicators. However, in terms of quality, the fact that the education system in many countries, especially in developing countries, does not meet modern requirements is reflected in the reports adopted by the relevant international educational and financial institutions. The process of financing the education  system is considered from two important aspects: the amount of funds allocated for education and their effective use. All countries that pay attention to education have adopted strategic action plans, one way or another related to the development of education. On the whole, the problem of financing education as a whole is adjacent to the problem of the quality of education since they are closely interconnected. In the last decade, much of the attention at international meetings have been focused on the lack of funding for basic education, rather than on the efficiency and effectiveness of recurrent spending. As the issue of quality becomes more relevant and data emerges that track non-governmental organizations’ inefficiencies and government spending diversions, the focus is on financial gaps as well as spending efficiency. Education is always among the topical issues as it determines the present and future of every society.In democratic societies, the creation of conditions for every citizen to receive education on fair terms is necessarily linked to funding. It is also worth noting that the financing of the education system in world practice covers several areas and has certain methods.