Abstract

The study analyzed the whole changes and issues of the Local Education Finance Grant Act in terms of sufficiency and stability of Local Education Financial Grant which was secured by the central government. The study collected and analyzed the minutes of the National Assembly meetings, government data, and related prior research related to the enactment and revision of the Local Education Finance Grant Act.
 The findings were as follows: first, the Local Education Financial Grant Act tried to secure the sufficiency and stability of education finance in terms of securing financial resources to complete compulsory middle school education and introduce free education for early childhood education and upper secondary education. However, since the measures to secure financial resources for early childhood education and free high school education are both temporary, it is necessary to ensure the sufficiency and stability by stipulating a method for securing finance in the Grant Act. Second, it is highly recommended to estimate the appropriate size of Local Education Finance Grants through analysis of the demand for local education finance. The Local Education Financial Grant Act is subject to controversy over environmental changes due to a sharp drop in the number of students and the appropriateness of the subsidy size. Third, it is also necessary to design methods of securing financial resources such as Grant for teachers’ salaries and allowances in the future.

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