Abstract
The study aims to determine the current areas of improving educational activities in the conditions of socio-economic development of modern society characterised by a number of important innovations that collectively form a systemic challenge for the education system. The paper examines the role of human capital in the formation of a stable base for economic development and the changes in the socio-economic environment that determine the areas of education transformation; identifies the features of the current stage of development of the education system in Russia; indicates the extent to which the state participates in solving urgent problems of education improvement. The scientific novelty of the study lies in a comprehensive identification of the key trends of vocational education in the cognitive economy. As a result, it has been shown that in order to effectively improve vocational education in the conditions of socio-economic development of modern society, it is necessary to significantly increase state budget expenditures for the development of education. It has been determined that state support for the improvement of education is carried out through the development of various projects and programmes formed on the basis of advanced achievements of pedagogical science and the skills capacity of the pedagogical community.
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