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Evaluation of the public debt and the government deficit in the Czech Republic with an emphasis on the part of a public health insurance
Netolická, Nicole ; Peková, Jitka (advisor) ; Musil, Martin (referee)
The thesis aims to analyze the development of relevant debt indicators, i.e. state budget deficit, public debt, government deficit and debt, but also debt and the deficit of the public health insurance. The management of public health insurance in the Czech Republic is analyzed as well. Last but not least, the goal is to find also the most important factors affecting the growth of debt indicators of public health insurance and determine the possible consequences of the deficit of the public health insurance. The theoretical part consists of three chapters. The first chapter concerns the general public finances and financial imbalances. Here is particularly important the subchapter about the budget system. The second chapter deals with the debt indicators, namely public debt and its affiliates, as well as budget deficits and specific deficits. All of these debt ratios are then analyzed in the analytical part of this thesis. The last chapter relates to public health insurance. Analytical part is divided into two major chapters. The first chapter analyzes the development of the state budget, public debt, government deficit and government debt in the Czech Republic. The entire analysis is divided into two periods, namely 1993 to 2003 and 2004 to 2014. This section contains the definition of the most important causes of development. The second part is devoted to the analysis of public health insurance, namely its evolution, current state, but also the development of debt indicators of public health insurance, which are analyzed again within the Czech Republic in two seasons. At the conclusion of this chapter are defined the most important factors influencing the evolution of debt indicators of public health insurance and the impact of a possible deficit of the public health insurance.
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Analysis of development of the public debt of the Czech republic from 1993 until present with a special emphasis on the national debt
Netolická, Nicole ; Chmelová, Pavla (advisor) ; Štěpánek, Pavel (referee)
The objective of this bachelor's thesis is to measure effectiveness of European and national fiscal rules together with compliance evaluation on the basis of debt indicators analysis. It also provides feasibility study on governmental constitutional amendment on fiscal responsibility and related laws. The theory section of the thesis consists of 3 chapters. The first one concerns public finance in general with emphasis on a state budget theory. The second chapter consists of debt financing. It defines debt indicators such as state budget deficit, government deficit or national and government debt which are further analyzed in the practical part. The last chapter of this section focuses on fiscal policy and related fiscal rules. Practical part contains two larger chapters. The first one analyzes the before mentioned debt indicators that are tested in 5 year intervals. Performed examination and boosted interpretation points out an observable negative development of debt indicators and its main causes. The second chapter deals both with fiscal rules that are valid in the Czech Republic and those that might be valid in the future in terms of Constitutional law on fiscal responsibility. Considerably the European fiscal rules, the Maastricht Criteria and the Stability and Growth Pact, as well as national rules are taken into account and evaluated according to its influence on the debt indicators. In conclusion, it is measured the effectiveness of the fiscal rules, it was confirmed that the current regulation provides a positive influence on the debt indicators development and demonstrated the necessity of setting additional fiscal rules.
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