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Financing the expressways with special emphasis on public-private partnership form
Šprlák, Štefan ; Peková, Jitka (advisor) ; Matula, Miloš (referee)
Claiming that the state of transport infrastructure is an important indicator of country´s competitiveness, not many would polemicize. The question of an appropriate method of ensuring the infrastructure financing can, however, raise disagreement. The reality of regular deficit financing of public expenditure, combined with a view of gradually declining support for transport infrastructure from the EU funds, provides space for alternative forms of infrastructure provision also in Central Europe. The aim of this work is to point out the financing via public-private partnerships (i.e. PPP), which is currently not very used form in the region. I will highlight the advantages, disadvantages and risks associated with this form by evaluating the cost side of concrete implemented PPP project in Slovakia (R1 expressway) and validate the hypothesis that despite the method of funding transport infrastructure through PPP projects is more expensive than the public procurement case, the "value for money" factor compensates the higher price.
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Greece and debt crisis
Šprlák, Štefan ; Písař, Pavel (advisor) ; Urban, Luděk (referee)
The aim of this work is to analyze the causes of current debt crisis of Greece. Deficit financing and the poor state of public finances have roots in 1980s, when during two reigns of socialist governments (1981-1989) a massive increase in government spending and subsequent public debt multiplied above 100 % of GDP, which persisted despite a degree of economic growth until today. Doubts about the ability to pay country's liabilities intensified during the last financial crisis and culminated at the turn of 2009/2010. Examples of countries that have successfuly faced poor economic situation in relation to debt by fiscal consolidation and reform steps are New Zealand and Ireland. Reforms in these states and their subsequent positive economic results will be put into contrast with non-reformed developments in Greece and possible outcomes for more successful future will be suggested. To place the problem into current perspective, additional focus will be directed towards the causes of actual declining economic trajectory and overall poor state of public finances in Ireland.
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