Detail publikace

Global COVID-19 Pandemic and Indebtedness of Municipalities with Extended Power in the Czech Republic

Lajtkepová

Originální název

Global COVID-19 Pandemic and Indebtedness of Municipalities with Extended Power in the Czech Republic

Typ

článek ve sborníku mimo WoS a Scopus

Jazyk

angličtina

Originální abstrakt

Research background: In theory, indebtedness of municipalities is only ever associated with the acquisition of investments. It is advised that indebtedness should be regulated by the state, but there is a risk of limiting investment in local infrastructure. Purpose of the article: According to Act No. 23/2017 Coll., municipalities must regulate their own indebtedness and comply with the fiscal rule on pain of penalty. The aim of this text is to provide an analysis and examine the prospects of compliance with the fiscal rule in 205 municipalities with extended power. The analysis is carried out between 2017 and 2019, the risks of compliance in the following years mainly relate to the emerging economic crisis caused by the COVID-19 pandemic. Methods: Given the subject of the analysis, secondary data was used for the research. Data was taken from the Monitor database operated by the Ministry of Finance of the Czech Republic. The obtained data had been processed using standard statistical methods. Findings & Value added: To date, the indebtedness of municipalities with extended power is not excessive: the mean and median values are still well below the legal limit. Still, there are some municipalities where the legal limit has been exceeded, or whose indebtedness is nearing the limit. In the event of reduced tax revenue, which is to be expected in the coming years, these municipalities will struggle to comply with the fiscal rule. The consequences will include halting or limiting local investment, and/or reducing the quality of local public goods.

Klíčová slova

budget; budget responsibility; fiscal rule; municipality with extended power; public goods

Autoři

Lajtkepová

Vydáno

13. 1. 2021

Nakladatel

EDP Sciences

Místo

Žilina, Slovenská republika

ISBN

2261-2424

Kniha

Globalization and its Socio-Economic Consequences

Edice

Global Impact of COVID 19 on Economy and Society

Číslo edice

92

ISSN

2261-2424

Periodikum

SHS Web of Conferences

Ročník

92

Číslo

1

Stát

Francouzská republika

Strany od

1023

Strany do

1033

Strany počet

10

URL

https://www.shs-conferences.org/articles/shsconf/abs/2021/03/shsconf_glob20_01023/shsconf_glob20_01023.html

Plný text v Digitální knihovně

http://hdl.handle.net/11012/195935

BibTex

@inproceedings{BUT166355,
  author="Eva {Lajtkepová}",
  title="Global COVID-19 Pandemic and Indebtedness of Municipalities with Extended Power in the Czech Republic",
  booktitle="Globalization and its Socio-Economic Consequences",
  year="2021",
  series="Global Impact of COVID 19 on Economy and Society",
  journal="SHS Web of Conferences",
  volume="92",
  number="1",
  pages="1023--1033",
  publisher="EDP Sciences",
  address="Žilina, Slovenská republika",
  doi="10.1051/shsconf/20219201023",
  isbn="2261-2424",
  issn="2261-2424",
  url="https://www.shs-conferences.org/articles/shsconf/abs/2021/03/shsconf_glob20_01023/shsconf_glob20_01023.html"
}