The Fiscal Constitution as an Institute of Public Finances. The Case Study of the Czech Republic and Romania

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989592%3A15210%2F16%3A33160524" target="_blank" >RIV/61989592:15210/16:33160524 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Fiscal Constitution as an Institute of Public Finances. The Case Study of the Czech Republic and Romania
Original language description
The condition of public finance deteriorated even in times of economic conjuncture, so the onset of the crisis in 2008 caught most of the developed world without financial reserves, or the so-called fiscal cushion. Thus most EU countries now fail to fulfill both the Maastricht Convergence Criteria and the Fiscal Compact Treaty, even if these are binding legal norms of the EU. Despite this, some EU countries voluntarily accepted a sort of financial debt cap, which the government of the Czech Republic accepted in February 2015 in the form of the so-called financial constitution, which contains a whole range of mechanisms at all levels of public budgets and public expenditures with a public debt in the amount of 55% of the GDP. The goal of this contribution is to analyze the content of the financial constitution, assess its structure and the aspects of its process application, and through selected public budgets also its possible influence on the whole economy. The content of the financial constitution shall also be compared to similar mechanisms in Romania.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Globalization and Its Socio-Economic Consequences
ISBN
978-80-8154-191-9
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
1799-1806
Publisher name
Žilinská univerzita
Place of publication
Žilina
Event location
Rajecke Teplice
Event date
Oct 5, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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