Financing Education Spending in the Context of Interbudgetary Relations in the Republic of Kazakhstan

Abstract

Educational capital obtained in the learning process is a combination of theoretical knowledge, practical skills, work experience, and personal characteristics that bring a person income during his career and stimulate further investment in education. The aim of the study is to reveal the critical aspects of republican and local financing of education in Kazakhstan and the prospects for its development. The methodological basis of the research is formed by a system of general scientific and unique research methods, i.e., synthesis, system-analytical analysis, and abstract-logical methods. The critical result of this work is the systematization of acquisitions within the framework of the researched topic and the study of the features of optimizing the decentralization of education financing in Kazakhstan. As a result, various options for maintaining the financing of education in the Republic of Kazakhstan were considered. The share of influence of the Kazakhstani government on the financing of this sphere was revealed. The ways of modernization and expansion of ways of financing the education system are proposed, namely, to increase the efficient distribution of financial resources at all levels of the budget system; increase the opportunities for educational institutions to raise additional funds through educational innovations, expand the list of paid services provided by such institutions; carry out decentralization of education, taking into account the characteristics of the regions, their production potential, and the demographic situation and the interests of territorial communities. The results of this research, as well as the conclusions formulated on their basis, are of significant importance for the scientific community and for financial experts and practitioners from the sphere of education and can influence the subsequent processes of reforming the financial provision of education in Kazakhstan.