Education As A Strategic Priority: Evaluation Of The Financing Of The Education System In The Republic Of Srpska
Year: 2025
Type: article
Abstract: The paper deals with the evaluation of the financing of the education system in the Republic of Srpska in the period from 2014 to the end of 2023, with special reference to the importance of education for overall social and economic development. Education is a key factor for the development of human resources, innovation and competitiveness, and is vital for the long-term progress of the country. However, the results of the analysis show that less than 2% of the total investments are invested in the education sector, which is significantly below the international standards and recommendations. This lack of investment can threaten the quality of education, reduce the availability of resources and lead to long-term consequences for the economic growth and social stability. Through a review of quantitative data, the paper identifies weaknesses in the structure of education financing and points to the necessary reforms to enable a better investment in the education sector, which is of essential importance for the sustainable development of the Republic of Srpska.
Institution: University of Banja Luka
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Quality education
Open Access status: diamond
OpenAlex ID: W4410825595