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Ktoyan, Armen ; Shirinyan, Anush ; Israelyan, Srbuhi ; Harutyunyan, Mariam ; Martirosyan, Aida
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higher education funding ; core funding ; performance-based funding ; KPI ; grant funding
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Abstract:
The article examines the advanced experience of financing higher education institutions in EU countries and the possibilities of its application in Armenia. The analysis has shown that the main part of financing of higher education institutions in EU countries is distributed according to clearly defined quantitative criteria, which reflect the priorities of state policy and aim to increase the transparency of the distribution of budget allocations, ensure a clear link between funding and results, and promote efficiency and strategic development. In general, the conducted studies show that the introduction of a mixed approach may be more applicable in the Republic of Armenia. Moreover, it is considered expedient to distribute state funding according to three components: base, performance-based funding, promotion of grant activity, and co-financing. For the targeting of the proposed measures and the expected effectiveness, great importance is attached to increasing the share of KPIs in the structure of state funding of higher education institutions, bringing it up to 25-30%. The latter can ensure a gradual reduction in the share of student fees and an increase in budget funding, bringing it to 0.5-0.6 percent of GDP. The effective introduction of a new financing model for higher education institutions in the Republic of Armenia can be observed as a phased process (with preparatory, institutionalization, and full integration stages) aimed at ensuring a modern and stable system of financing higher education institutions within 5-7 years.
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Երևան
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Նյութը վերցված է Հայաստանի պետական տնտեսագիտական համալսարանի կայքից։