FINANCING EDUCATION IN ROMANIA; TYPOLOGY OF RESOURCES AND OPPORTUNITIES TO ATTRACT ADDITIONAL SOURCES
FINANCING EDUCATION IN ROMANIA; TYPOLOGY OF RESOURCES AND OPPORTUNITIES TO ATTRACT ADDITIONAL SOURCES

Summary/Abstract: Public institutions have a major role in a country as they are the way a government fulfils its functions and roles: defence, education, culture, social protection etc. Financing these comes from public resources particularly arising from taxes and fees. Since the needs of a society are continuously increasing and resources are limited, orienting public resources to various fields and goals should be highly efficient and effective. In the public sector’s education institutions, there are a number of features of the financing procedure. The paper herein aims at emphasizing a few features and suggesting a few concrete ways by which education institutions can be financed even if the funds arising from the national public budget prove to be not enough most of the time.

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