Abstract
The decentralized nature of VET schools management in the context of raising the responsibility of local self-government bodies regarding planning and management, strengthening the links between VET institutions and socio-economic environment is revealed. The attention is paid to local and regional governments participation in covering costs for students’ current expenditure and capital expenditures. It has The decentralized nature of VET schools management in the context of raising the responsibility of local self-government bodies regarding planning and management, strengthening the links between VET institutions and socio-economic environment is revealed. The attention is paid to local and regional governments participation in covering costs for students’ current expenditure and capital expenditures. It has been established that funding for VET institutions is рrovided by state, local and regional authorities budgets as well as by individuals and employers, which is a mixed financing. The government defines the annual base cost. It is stated that VET schools have the right to modify/ supplement specific curricula within the framework of a funded group of educational programs (defined by VET standard) and training form. It is emphasized that the tax system does not encourage employers to invest in VET. Therefore, only large, stable enterprises can afford a training budget for their employees.
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