New Rules of Budgetary Responsibility and their Impact on Public Finances

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F17%3A10237425" target="_blank" >RIV/61989100:27510/17:10237425 - isvavai.cz</a>

Result on the web

<a href="https://www.law.muni.cz/sborniky/lawandeconomics/lawandeconomics2017.pdf" target="_blank" >https://www.law.muni.cz/sborniky/lawandeconomics/lawandeconomics2017.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

New Rules of Budgetary Responsibility and their Impact on Public Finances

Original language description

In consequence of economic crisis, countries tried to react to unfavourable economic development in some ways. Because of this situation, mainly the rules of budgetary responsibility and adoption of so-called budgetary rules became a hot topic. At present time, this topic stands aside mainly in the Czech Republic where public finances are being economised with surplus after long period of time. However, an obligation to adopt those rules still exists because it results from not only regulations of the European Union but from international agreements as well. The act on budgetary responsibility rules was approved in the beginning of this year being at that time out of interest of both professionals and laymen, although, it provoked many responses at the time of being submitted to the Chamber of Deputies. This act follows the regulations of the European Union and adjusts the rules of budgetary responsibility for public institutions. This article deals with those rules, discusses the obligations implemented by those rules as it comes to public institutions; it determines the term public institutions and critically evaluates particular rules. The main aim of this article is to have a think about in what ways those new rules can influence public finances and economic activities of public institutions. During the elaboration, the methods of analysis, synthesis, deduction, induction and statistical method have been applied.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50501 - Law

Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Interaction of law and economics 2017: conference proceedings : October 19-20, 2017, Rožnov pod Radhoštěm, Czech Republic

ISBN

978-80-210-8840-5

ISSN

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e-ISSN

neuvedeno

Number of pages

13

Pages from-to

125-137

Publisher name

Masaryk University

Place of publication

Brno

Event location

Rožnov pod Radhoštěm

Event date

Oct 19, 2017

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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