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The effective management of financial resources in higher education institutions significantly impacts the overall system’s functionality. The role of education and scientific development in a country’s economic progress cannot be overstated. Georgia possesses the potential to achieve economic growth through its intellectual and educated human capital. However, despite recent reforms, the education system grapples with persistent shortcomings and challenges, hindering the creation of well-prepared and competitive graduates. Strengthening the education system is essential for Georgia to thrive in the global arena. While funding for education has increased over the years, mere financial inflow does not necessarily correlate with improved educational quality. To address this, a strategic and tactical approach to reform, along with efficient distribution of financial resources, is crucial. This paper investigates the impact of existing funding policies on Georgia’s higher education system. It delves into the structure and dynamics of funding for higher education institutions, examining the nature and significance of previously funded projects. Additionally, the study discusses and analyzes the role of education reforms in promoting overall development. Drawing on both qualitative and quantitative analyses, the recommendations put forth within this framework aim to empower stakeholders in overcoming the challenges faced by Georgia’s higher education landscape.
Kasradze et al. (Fri,) studied this question.