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Current state of higher education development is characterized within the article and it was found that in Ukraine it is at the stage of reforming and undergoes structural changes at all levels of the system. The main problems characteristic for domestic education system are defined. Position of Ukraine in the Global Competitiveness Index by the quality of higher education and research work in 2013-2017 is determined. Share of public expenditures on higher education in Ukraine in 2017 in comparison with European countries is studied. . Based on the conducted analysis, the main directions of the financing mechanism improvement of higher education institutions in Ukraine are  proposed.

FINANCING OF HIGHER EDUCATION INSTITUTIONS: PROBLEMS AND DIRECTIONS OF IMPROVEMENT IN UKRAINE