Vocational education reform in the autonomous Province of Vojvodina - financial aspects

Secondary vocational education in the Autonomous Province of Vojvodina has undergone significant changes in the last twelve years. First of all, the reform which started led to significant changes in the basic outline of the vocational education. Traditional educational profiles are being cancelled, and new, so called experimental educational profiles, are being introduced, primarily being aimed at training students for the labour market, or for performing specific tasks that are being placed before them in business practice. The main purpose of the reform is adapting the education system to the labour market demands, i.e. making the education system support the economy. Successful implementation and completion of this reform is conditioned by the amount of funds directed toward this purpose. This paper will consider the financial aspects of the vocational education reform, a comparative analysis of the funds spent and the effects of the vocational education reform will be carried out. We will give a detailed analysis of the major financial problems encountered in the vocational education reform, the ways of solving them and the possibility of providing additional funding. One segment of the paper will be devoted to funding per student, as a new form of financing the education system of the Autonomous Province of Vojvodina.