Abstract:

Ensuring people's access to education and raising the educational level of the population is one of the basic tasks of the state. Society development can only be achieved if there is a sufficiently skilled and educated workforce that stimulates the national economy. For this reason, the state must allocate sufficient funds to invest in the operation of primary, secondary and also higher education institutions. The global economic crisis, which has hit the world in the past, has made it impossible to secure certain essential tasks of the state to the required extent. The impact of the economic crisis was also reflected in education in which less money was invested. The first level of vocational training that prepares people for the needs of the labor market is provided by secondary schools, which are financed by the regional government. By monitoring the closing accounts of regional self-government entities, it is possible to discover the links between the economic crisis and education and to examine the development of regional disparities in terms of education funding. The aim of the paper is to examine the impact of the economic crisis on education and to determine the impact of education funding on the socioeconomic development of regions.

Keywords:

Education, funding, economic crisis, regional disparities, socioeconomic development.