Municipalities and fiscal rule: post-COVID-19 period

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F20%3APU137879" target="_blank" >RIV/00216305:26510/20:PU137879 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.ekf.vsb.cz/mmfr/en/proceedings/" target="_blank" >https://www.ekf.vsb.cz/mmfr/en/proceedings/</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Municipalities and fiscal rule: post-COVID-19 period

Popis výsledku v původním jazyce

Act Number 23/2017 Coll. stipulates the so-called fiscal rule vis-à-vis the regulation of indebtedness. Should a municipality fail to adhere to the rule and not reduce the debt, it faces the risk that the transfer of taxes from the state budget will be suspended, i.e. having its revenue significantly reduced. The period following economic stagnation (spring of 2020) will bring specific risks for the economic performance and indebtedness of municipalities. This article deals with the identification and analysis of these risks. The said analysis is conducted using qualitative methods; the level of risks is determined by qualified estimates. The most relevant risks on the part of municipalities are economic, political and legislative. A new risk is moral risk: disintegration of the current rules and fiscal (and ultimately decision-making) centralisation.

Název v anglickém jazyce

Municipalities and fiscal rule: post-COVID-19 period

Popis výsledku anglicky

Act Number 23/2017 Coll. stipulates the so-called fiscal rule vis-à-vis the regulation of indebtedness. Should a municipality fail to adhere to the rule and not reduce the debt, it faces the risk that the transfer of taxes from the state budget will be suspended, i.e. having its revenue significantly reduced. The period following economic stagnation (spring of 2020) will bring specific risks for the economic performance and indebtedness of municipalities. This article deals with the identification and analysis of these risks. The said analysis is conducted using qualitative methods; the level of risks is determined by qualified estimates. The most relevant risks on the part of municipalities are economic, political and legislative. A new risk is moral risk: disintegration of the current rules and fiscal (and ultimately decision-making) centralisation.

Druh

O - Ostatní výsledky

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

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