title: Methodological Approaches to Funding Tertiary Education Institutions Given the Relationship between GDP and Budget Expenditure on Education
abstract: The main issues of funding tertiary education in the EU in the light of the tertiary education system role in shaping Europe-2020 strategy were investigated.The methods of using the mechanisms of the formula model for tertiary education institutions funding were considered.The importance of methods and forms of funds allocation to universities depending on ownership forms was substantiated.The methodological approaches to financial support of tertiary education institutions in the EU were define