New formula of allocation of educational subvention approved (+ text of resolution)
The Governmental portal published a Resolution approving a new formula for the allocation of the educational subvention between local budgets, applicable from 1 January 2018.
The formula takes into account the number of pupils and territory features, meeting the requirements of the Budget Code, which specifies that the educational subvention is directed to the payment for teaching personnel’s labour with accruals in general and vocational educational institutions in terms of covering expenses for obtaining complete general secondary education.
The text of the resolution is available HERE
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