Modul de formare-Managementul resurselor financiare - uefiscdi

The new system of higher education financing has been shaped by the Education Act 12 with
the later amendments and additions, the Public Finance Act 13 and other regulations.
The modernization, harmonization and competitiveness of Romanian higher education to the
international standards are sustainable processes involving the development of strategic
objectives aimed at:
improving economic and financial legislation to boost the autonomy of higher
education institutions;
the multiplication and diversification of higher education financing;
an efficient system of resource allocation and economic and financial management of
higher education institutions
The overall funding of the higher education institutions is carried out by the Ministry of
Education, Research, Youth and Sport with the support of the National Council for Financing
Higher Education (CNFIS).
The overall funding requires an increased substantiation of decisions regarding the amount of
allocations from the state budget for each institution of higher education and increased financial
autonomy, the use of budget allocations and own revenues, in accordance with the objectives
included in institutional strategic plan and the revenue and expenditure budget.
Under this system of university funding the Ministry reserves the right not to allocate its budget
on cost centres, enabling the financial autonomy of the universities. Such a system of global
finance involves the shift from financing the inputs to financing the outputs 14 .
Of the amounts allocated from the budget of the Ministry of Education, Research, Youth and
Sport it is made:
the core funding
and the additional funding.
The base funding of higher education institutions is carried out under an institutional contract
made by each institution with the Ministry of Education, Research,Youth and Sport. The
institutional contract shall include, along with the core funding, in separate positions, the
amounts allocated from state budget via the Ministry of Education, Research,Youth and Sport
for scholarships and social protection of the students and the amounts allocated to achieve the
investment goals.
The funds for scholarships and social protection of the students are determined by the number of
students and PhD students in the regular frequency cycle.
The funds from the state budget for the core funding are allocated differentiatedly for the higher
education institutions in the light of the following 15 :
the number of unitary equivalent students (70%);
The relative qualitative indicators determined for each university (30%)
The number of unitary equivalent students is determined by the equivalent number of students
and their distribution by fields of education. The calculations are made by formulas using
equivalence factors that consider education types and cost factors for each fields of study.
12 Education Lawnr. 84/1995 published in M.O. no. 167 / 31.07.1995 with the later amendaments.
13 Public Finance Law no. 500/2002, published in M.O.no. 597 / 13.08.2002.
14 Nica P. (1998), Implicaţii manageriale ale trecerii la finanţarea globală a universităţilor, Tipografia
Multiprint, Iaşi, pg. 29
15 CNFIS (2006), Metodologia de repartizare pe instituţii de învăţământ superior a alocaţiilor bugetare aprobate
prin Legea Bugetului pe anul 2005, Document for information CNFIS 2006, pg 8, also available on-line at:
www.cnfis/metodologie_2006.pdf, accessed on:06.08.2006
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