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The role of municipalities in the indebtedness of the public sector
Maixnerová, Markéta ; Toth, Petr (advisor) ; Michalička, David (referee)
This thesis focuses on the issue of indebtedness of Czech municipalities and their role in the total public debt. The first part represents the theoretical basis and legislation, which includes defining key terms. The practical part is focused on analyzing the evolution of indebtedness of local governments and of other levels of the public sector. The analysis was made on the basis of compiled time series of the debt for the period 1994-2014. The indebtedness of municipalities and counties had a growing trend during the reported period. In recent years, municipal debt, unlike regional, is stable. The share on debt of municipalities and regions is the size of the public debt is not significant. The largest share of the debt is government debt, which constantly grows from the begging of the period. Part of this work is to compare two methods of evaluating municipal debt, namely debt service and SIMU. Five selected municipalities were compiled both types of indicators for the period 2010-2014. Based on this comparison it was shown to have better presentation of the indicators SIMU than debt service. The thesis seeks to comprehensively evaluate the development of each level of indebtedness of the public sector in order to show, what proportion represents Czech municipalities.
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Economic impacts of the public debt of the Czech Republic
Knotková, Markéta ; Urbánková, Erika (advisor) ; Jitka, Jitka (referee)
This thesis dedicates the introductory section to definitions of basic terms of the chosen topic. Here is clarified the issue of public finance and budgets, functions of the state budget and the revenue and expenditure sides. This thesis is focused on drafting of the causes of the public debt, together with the effects of debt and the possibilities to reduce it. Public sector structure is presented within its categorization, including the national debt, government debt and public debt.
The second part of this thesis examines the development of public debt in the Czech Republic along with the development of the national debt and government debt. The conclusion is dedicated to the evaluation analysis of mutual conditionality of public debt and selected variables along with recommendation to reduce the debt of the Czech Republic.
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Development of public debt in Czech republic
Dvořáková, Eva ; Maitah, Mansoor (advisor) ; Anna, Anna (referee)
The subject of this diploma thesis is to analyse the development of public debt in the Czech Republic between years 1993 and 2014. The text is divided into two main parts, the section about theoretical basis of this topic and the section which contains practical knowledge about specific aspects of the Czech public sector. The theoretical part briefly defines basic terms and facts of the public debt, such as public sector, budgetary system and public debt classification. The second part focuses on real-life functioning of the Czech public sector, so there are introduced Czech budgetary system and budget process and various methodological frameworks for debt analyses. The final and most significant part of the thesis deals with the real values of state, municipality and government indebtedness, emphasis is placed on the development trends.
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Evaluation of nominal and real convergence of the selected euro area countries and Czech republic
Gröhlingová, Kristýna ; Spiesová, Daniela (advisor) ; Petra, Petra (referee)
Study aims to evaluate the development of the Czech Republic in case of entry into the European Monetary Union. Due to the similarity of the Czech economy with neighboring Slovakia, it is the assessment carried out by means of economic development was the Slovak Republic after joining the European Monetary Union. They are evaluated by selected convergence criteria and the further development of some macroeconomic indicators of the country, which is subsequently compares with the development of the Czech Republic in the same period. The same glasses are compared and selected the Baltic states, which joined the European monetary union last. Subsequently, using deductive methods outlined the economic development of the Czech Republic for entry into the European Monetary Union. The last chapter is devoted to the criterion of exchange rate stability, it is pointed out to the strategy states, which have already become members of the European Monetary Union, and passed without major cost exchange-rate mechanism EMR II. In this chapter, the simulated process Czech Republic's entry into ERM II and learned from him the results.
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Analysis of public debt in the Czech Republic
Janda, Lukáš ; Žáková Kroupová, Zdeňka (advisor) ; Slaboch, Josef (referee)
Thesis focuses on the issue of public debt in the Czech Republic, which in recent years has become an increasingly hot topic. The main objective is to evaluate the development of public debt in the period 1993-2015.
In the work are primarily used data from the Ministry of Finance of the Czech Republic and the macroeconomic data of the Czech Statistical Office for the period 1993-2015. Data are primarily evaluated through dynamics and decomposition of the time series. To comparison countries were used pairing economic indicators.
The analysis showed that the debt of the Czech Republic in proportion to GDP amounts to 42.7%, which compared with France, Germany and Spain is not a high number, but should seek solutions on reducing the relative level of public debt, which would be carried out by predictions for the years 2018-2022 will soon be in excess of 2 trillion.
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Fiscal policy and its importance in development of economy
Flídrová, Eva ; Brčák, Josef (advisor) ; Miroslava, Miroslava (referee)
The thesis deals with the impact of fiscal policy on economic development and is divided into theoretical and analytical part. The theoretical part of the thesis describes macroeconomic performance indicators, the operating principles of state economic policy and economic cycle including its phases and his possible causes. Next part deals with the functioning of fiscal policy including its types, measures and problems associated with it. There is also outlined the issue of the formation of the state budget and the public debt. The analytical part is primarily monitored developments in the gross domestic product, unemployment and inflation rates within the reporting period. The following section provides an analysis of state budget and public debt of the Czech Republic, especially in the connection with the development of the budget balance and structure of expenditure and revenue side of the budget. Examined topic is given in correspondence with the fiscal measures undertaken. The thesis is also a comparison of domestic development with neighboring countries and the EU average. Finally there is a synthesis of the ascertain results.
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The Analysis of the Austrian Economy in Comparison with the Czech Republic
Pola, Martin ; Svoboda, Roman (advisor) ; Kopecká, Lenka (referee)
This thesis conducts a comprehensive analysis of the economy of Austria and the Czech Republic from 2009 to 2014. Attention is paid to key macroeconomic indicators, which are interpreted and compared with each other. The first part presents theoretically characterized macroeconomic indicators that will be compared and interpreted in the thesis. The second analytical part focuses on the current state of the economies of both countries. It focuses on the comparison of GDP, public debt, unemployment, inflation and foreign trade of the Czech Republic and Austria.
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State debt of the Czech Republic in comparison with selected countries of the European Union
Němcová, Eva ; Severová, Lucie (advisor) ; Svoboda, Roman (referee)
The bachelor thesis deals with a public debt of the Czech Republic and its comparison with debts of selected states of European Union. It is divided into two parts, theoretical and practical. In the first, theoretical part basic concepts, phenomena and methodology necessary for understanding the issue are defined. The practical part deals with historical events of mentioned states since 1918 regarding the development, state establishment, wars and similar events that caused greater fluctuations in the national debt. Next it thoroughly explores the development of state debt, consequently the economic situation of countries in the period of 1995 - 2014. In the next-to-last chapter comparison of national debts of the Czech Republic, Slovakia, Germany, Italy, Greece and Spain is done. The methods of investigation include the results of comparison and description In the last chapter of the practical part future development of state debt of the Czech Republic is predicted. The conclusion summarizes the results and benefits of the bachelor thesis.
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Central government debt of the CR in comparison with selected EU countries
Hlaváčová, Monika ; Severová, Lucie (advisor) ; Jitka, Jitka (referee)
This thesis explains concepts related to the topic such as central government debt, government debt, public debt, budget system and more. The analytical part is focused on the development of central government debt of the Czech Republic and its structure in the years 2000-2014. The central government debt from the point of view of the holders is divided into domestic and foreign debt. Its development and the development of individual components of these debts are described. In the thesis are also mentioned factors, which influenced the decline in central government debt in 2014. The next section compares the evolution of central government debt in CR and selected EU countries, namely Estonia, France, Italy, Germany, Spain and Greece. The structure of central government debt of selected countries for the period 2000-2010 is also analyzed, especially the marketable state debt that dominates. Its main parts are treasury bills, short, medium and long-term bonds. The thesis also describes the development of the government debt of individual countries and explains its difference from the central government debt. Evolution of government debt, such as percentage of GDP for next year, for the years 2015-2017 is estimated in STATISTICA programme. The causes of the sovereign debt reported by some authors as well as some suggestions for their solution are discussed.
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Local Government Indebtedness
BLAŽKOVÁ, Zuzana
The aim of this thesis was to evaluate the situation and development of the indebtedness of self-governing units with regard to the sustainability of individual budgets and also with regard to sustainability of consolidated public budgets in the Czech Republic, and therefore assess the conception of fiscal regulations for self-governing units in the Czech Republic. Based on the aim of the thesis a research question needed to be proposed: Are budgets of self-governing units one of the factors leading to the deterioration or improvement of sustainability of public finance? At first there are defined terms related to the indebtedness and debt regulation of local governments. Part of thesis is to analyze the indebtedness of all municipal and regions. The calculations of this work were divided into two parts: macro and micro point of view. On the basic of calculations it is possible to summarize that in 2014 the debt of municipalities was developing favorably in comparison to the debt of regions. The most problematic categories are municipalities with a population of 200 and cities with more than 100 001 people. The debt of self-governing units makes just under 7 % of the public debt. Based on the thesis, it is possible to reach the conclusion and answer the research question that budgets of the self-governing units are really one of the factors leading to the improvement of sustainability of public finance. Generally speaking, the public finance in the Czech Republic is considered as sustainable. The ratio of public debt to GDP is decreasing and is way under 60 %. The only possible problem is the debt of the regions. Their debt is constantly rising, however in comparison to the total public debt, it is still insignificant.
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