Detail publikačního výsledku

Municipalities and fiscal rule: post-COVID-19 period

Lajtkepová

Originální název

Municipalities and fiscal rule: post-COVID-19 period

Anglický název

Municipalities and fiscal rule: post-COVID-19 period

Druh

Stať ve sborníku mimo WoS a Scopus

Originální abstrakt

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.

Anglický abstrakt

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.

Klíčová slova

Fiscal rule; budget; budget responsibility; municipality; post-COVID-19 period

Klíčová slova v angličtině

Fiscal rule; budget; budget responsibility; municipality; post-COVID-19 period

Autoři

Lajtkepová

Rok RIV

2021

Vydáno

30.12.2020

Nakladatel

VŠB-Technical University of Ostrava, Czech Republic

Místo

Ostrava

ISBN

978-80-248-4481-7

Kniha

Managing and Modeling of Financial Risks

Strany od

129

Strany do

137

Strany počet

9

URL

https://www.ekf.vsb.cz/mmfr/en/proceedings/

BibTex

@inproceedings{BUT166121,
  author="Eva {Lajtkepová}",
  title="Municipalities and fiscal rule: post-COVID-19 period",
  booktitle="Managing and Modeling of Financial Risks",
  year="2020",
  number="1. vydání",
  pages="129--137",
  publisher="VŠB-Technical University of Ostrava, Czech Republic",
  address="Ostrava",
  isbn="978-80-248-4481-7",
  url="https://www.ekf.vsb.cz/mmfr/en/proceedings/"
}