FINANCIAL AUTONOMY OF UNIVERSITIES: A HISTORICAL OVERVIEW AND INTERNATIONAL EXPERIENCE

Abstract

The article provides a historical analysis of the universities financial autonomy concept development, identifies and analyzes the main international documents related to this definition, highlights the main elements of financial autonomy, and examines international experience in the further development of financial autonomy in the higher education sector. It in turn allows to identify the main problems of financial autonomy in the Ukrainian context and develop appropriate recommendations for the development of financial autonomy of universities in Ukraine, including the already existing European methodological framework. This article applies the methods of scientific knowledge, systematic analysis and methods of comparative analysis. The methodological background of the study is the historical basis and modern trends in the scientific literature on the analysis of the financial autonomy of universities.