The Romanian Education Budget: Financing Pre-University Education (2001–2020)

Abstract

Although the economic crisis has not been as substantial to Romania as it has been to Greece or Ireland, it has still had an impact on the education system. The Romanian education budget underwent significant changes in the periods 2001-2020. The budgetary policies for secondary education were affected by the periods of economic crisis. When the economy is recession, the government is more likely to reduce the public expenditure, which includes education. The Economic Crisis of 2008 led to the government reducing the budget for education in Romania in order to balance spending. This meant that there were budget cuts for secondary education in Romania in the period 2001-2020. This paper will review literature on Romania’s pre-university budgetary allocation and conduct a regression analysis to establish the relationship between GDP on the hand and GNI index and Government expenditure on secondary education between 2000 and 2020.

Keywords

• economic crisis
• pre-university budget
• recession
• education budget
• budget cuts