The Impact of Fiscal Rules on the Financial Management of Municipalities: A Comparative Analysis of Slovakia and the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F21%3A00121586" target="_blank" >RIV/00216224:14560/21:00121586 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.springer.com/gp/book/9783030674656#aboutAuthors" target="_blank" >https://www.springer.com/gp/book/9783030674656#aboutAuthors</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/978-3-030-67466-3_7" target="_blank" >10.1007/978-3-030-67466-3_7</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The Impact of Fiscal Rules on the Financial Management of Municipalities: A Comparative Analysis of Slovakia and the Czech Republic

Popis výsledku v původním jazyce

The goal of this chapter is to explore the impact of fiscal rules on the indeptness of municipalities in the Czech Republic and in Slovakia from comparative point of view - how far both countries differ or follow similar developments. The focus was on three questions – the contents of fiscal rules, the capacity of fiscal rules to regulate the total absolute and relative level of debt and the capacity of fiscal rules to regulate individual (excessive) debts. The findings indicate that municipal fiscal rules in Slovakia are slightly more comprehensive compared to the Czech Republic, but the differences in the ways how the absolute level of the municipal debt is regulated are very marginal. However, the number of municipalities with excessive debt level in the Czech Republic is significantly higher compared to Slovakia. The problem for both countries is the fact that the excessive borrowing is legally prohibited, but exists in some cases in reality. Excessive borrowing is exclusively connected with small municipalities, with very limited chance to escape from debt trap, because the instruments of bailout and bankruptcy are not part of valid legislation and cannot be used as solution in both countries.

Název v anglickém jazyce

The Impact of Fiscal Rules on the Financial Management of Municipalities: A Comparative Analysis of Slovakia and the Czech Republic

Popis výsledku anglicky

The goal of this chapter is to explore the impact of fiscal rules on the indeptness of municipalities in the Czech Republic and in Slovakia from comparative point of view - how far both countries differ or follow similar developments. The focus was on three questions – the contents of fiscal rules, the capacity of fiscal rules to regulate the total absolute and relative level of debt and the capacity of fiscal rules to regulate individual (excessive) debts. The findings indicate that municipal fiscal rules in Slovakia are slightly more comprehensive compared to the Czech Republic, but the differences in the ways how the absolute level of the municipal debt is regulated are very marginal. However, the number of municipalities with excessive debt level in the Czech Republic is significantly higher compared to Slovakia. The problem for both countries is the fact that the excessive borrowing is legally prohibited, but exists in some cases in reality. Excessive borrowing is exclusively connected with small municipalities, with very limited chance to escape from debt trap, because the instruments of bailout and bankruptcy are not part of valid legislation and cannot be used as solution in both countries.

Druh

C - Kapitola v odborné knize

CEP obor

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OECD FORD obor

50602 - Public administration

Projekt

—

Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název knihy nebo sborníku

Local Public Finance: An International Comparative Regulatory Perspective

ISBN

9783030674656

Počet stran výsledku

22

Strana od-do

109-130

Počet stran knihy

355

Název nakladatele

Springer International Publishing

Místo vydání

Cham

Kód UT WoS kapitoly

—