Financing of University Education in Sri Lanka

Financing of University Education in Sri Lanka

This paper deals with the financing of university education in Sri Lanka, which has adopted pro-market policy reforms over the last 22 years. The assessment is based on five main criteria: adequacy, efficiency, unit costs, systems and procedures of resource allocation and alternative funding sources...

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Veröffentlicht in:Higher Education. - Springer. - 45(2003), 1, Seite 91-108
1. Verfasser: Chandrasiri, Sunil (VerfasserIn)
Format: Online-Aufsatz
Sprache:English
Veröffentlicht: 2003
Zugriff auf das übergeordnete Werk:Higher Education
Schlagworte:Alternative Funding Sources Financing Revenue and Cost Structure Systems and Procedures of Resource Allocation Unit Costs Education Business Economics
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520 |a This paper deals with the financing of university education in Sri Lanka, which has adopted pro-market policy reforms over the last 22 years. The assessment is based on five main criteria: adequacy, efficiency, unit costs, systems and procedures of resource allocation and alternative funding sources. The findings reveal that the universities are faced with an acute shortage of funds and that existing financial systems and procedures are control oriented rather than promoting efficiency and quality enhancement. Moreover, the heavily state dependent university system, particularly in the area of financing, has failed to keep pace with pro-market policy reforms at national level and, hence, continues to operate within a control oriented regulatory framework. In the present era of globalization, universities need to be more market oriented in terms of management, delivery of services and revenue generation. 
540 |a Copyright 2003 Kluwer Academic Publishers 
650 4 |a Alternative Funding Sources 
650 4 |a Financing 
650 4 |a Revenue and Cost Structure 
650 4 |a Systems and Procedures of Resource Allocation 
650 4 |a Unit Costs 
650 4 |a Education  |x Formal education  |x Educational institutions  |x Schools  |x Universities 
650 4 |a Education  |x Formal education  |x Pedagogy  |x Higher education 
650 4 |a Business  |x Business economics  |x Commercial production  |x Production factors  |x Production costs  |x Unit costs 
650 4 |a Economics  |x Economic disciplines  |x Financial economics  |x Finance  |x Funding 
650 4 |a Education  |x Educational administration  |x Educational finance  |x Student costs 
650 4 |a Education  |x Academic communities  |x Students  |x College students 
650 4 |a Education 
650 4 |a Economics  |x Microeconomics  |x Economic costs and benefits  |x Economic costs  |x Cost efficiency 
650 4 |a Business  |x Accountancy  |x Financial accounting  |x Budgeting  |x Budget allocation 
650 4 |a Business  |x Business operations  |x Commerce  |x Financial transactions  |x Payments  |x Fees 
655 4 |a research-article 
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