THE ISSUES IN THE STRATEGY OF FINANCING GENERAL EDUCATION IN THE REPUBLIC OF ARMENIA

The strategy for financing general education in the Republic of Armenia has undergone a phase of reforms in recent years and has begun to be implemented based on the number of classes formed in schools. However, the new operational financing model, although unified for all schools and perhaps based on a result-oriented principle, currently does not contribute to the effective functioning of general education institutions in Armenia, as it applies a uniform approach to the allocation of financial resources. This article proposes ways to improve the current financing system in general education by considering school performance indicators and adopting efficiency-based approaches to the distribution of public financial resources in the sector.