DYNAMICS OF EDUCATION EXPENDITURES IN BULGARIA

 

Radka P. Ivanova¹ and Radmil Nikolov²

¹ Assoc. Prof. Dr., University of Economics – Varna, Bulgaria, r.ivanova@ue-varna.bg

²Assist. Prof. Dr., University of Economics – Varna, Bulgaria, radmil.nikolov@ue-varna.bg

 

Abstract

Education occupies an important place in society since ancient times. Today it is one of the key areas in people's social life. It has strategic importance and can be defined as a universal phenomenon characterized by a high degree of complexity. Through education, people develop their physical, intellectual and moral abilities, upgrade their knowledge and their skills. The results of education are usually seen at a later stage, only when people start applying what they have learned in their work. In this regard, we can say that there is a delayed return on invested funds. However, without education, it would be difficult to build a more sustainable and fair world for all. In this regard, education is a priority of every country, regulated in special laws and other normative acts. It is a field for which special budgets are formed, providing financial means to ensure its existence and development. Within the EU, specific targets are set, that member countries must strive to meet, directly linked to their GDP.

The purpose of this article is to analyze the education costs made by the public and private sectors in Bulgaria for the period 2000-2019 and to track the dynamics in the number of educated persons in various educational levels.

Keywords: education, public and private expenses, Bulgaria