Financing of Education as a Process of Formation of Human Capital and an Instrument of Socially Oriented Policy of the State

Abstract

The priority of science and education is a factor in the dynamic development of both a separate region and the state as a whole. The introduction of science-intensive technologies into production is a key task, the solution of which will help to take Russia's leading positions in the global economic space. All this requires a review of the financing processes in the formation of human capital. It is well known that the development of human capital leads to an increase in the efficiency of all factors of production. At the same time, the level of development of the country is directly dependent on investments in the social sphere. Today, when the state financing of social investments is significantly reduced, there is a need to address the problem of insufficient financing of the education system, the development of new financing instruments, assessing their effectiveness and identifying ways to integrate them into the social and economic system.