|
|
The political process of creation, adoption and implementation of the czech state budget and its deficit bias
Šubrtová, Kateřina ; Ježek, Tomáš (advisor) ; Štěpánek, Pavel (referee)
This diploma thesis concerned with the budget of the Czech Republic, which has been deficient since 1996. The aim of this thesis is to detect weak spots of budget process and confirm the hypothesis that budget deficits have the institutional nature. The theoretical part examines in detail the concepts of the state budget and the budget deficit, explains the causes of the budget deficit and explores the possibilities of its elimination. The thesis also conducts a survey about the process of the budget propose, approval and performance with the highlighting of process weaknesses and possibilities of its solution. The main contribution of this thesis is a detailed analysis of selected state budgets. This analysis reveals the common features of selected budgets and tries to describe the major changes of them. At the end of the thesis a concept of fiscal council and the possibilities of its establishment in Czech Republic is introduced.
|
|
|
Analyse of public finances and causes of growing public depts
Dereniková, Soňa ; Czesaný, Slavoj (advisor) ; Pikhart, Zdeněk (referee)
This thesis deals with issues of the public debt of Czech Republic. The aim of this thesis is to find the causes that contribute to adverse developments affecting fiscal imbalances. The set target based on the fundamental hypothesis that the current state of public debt is not due only to economic deficit. The hypothesis is confirmed by the finding that public debt is mainly due to the accumulation of annual budget shortfall, which were formed even in times of economic growth. The theoretical part deals with structure, methodology and opportunities in funding fiscal imbalances. The practical section assesses the development of key entries of public finances in years 2000 to 2012, when Czech economy went through a period of expansion followed by a period of recession. Own contribution of this work lies in trend analysis examined quantities in relation to GDP and the subsequent assessment of urgency of their development. Conclusion of the practical part is dedicated to the key issues that emerged from previous analyzes and proposes possible measures to tackle them.
|
|
|
Analysis of the impacts of the financial crisis on the state budget of the Czech Republic (2008 - 2013)
Kalinová, Markéta ; Ochrana, František (advisor) ; Vítek, Leoš (referee)
This thesis deals with the effects of the financial crisis on the state budget of the Czech Republic in 2008 - 2013. The main objective of this thesis is to analyze the impact of the financial crisis on revenues, expenditures and budget deficit and public debt of the Czech Republic within the selected period, in the context of measures taken by the government. The theoretical part of the thesis includes the definition of "financial crisis", the main causes of the global financial crisis, including the mechanism by which the crisis has grown into a global extent. The practical part of the thesis deals with the analysis of the impact of the financial crisis on the state budget of the Czech Republic in 2008 - 2013. In conclusion, problem areas are identified and the recommendations are formulated.
|
|
|
Vliv fiskální politiky na výnosovou křivku
Vránová, Veronika ; Maršál, Aleš (advisor) ; Potužák, Pavel (referee)
The thesis analyzed the impacts of fiscal developments on the yield curve using quarterly data on the Czech economy over the period 2000:1 -- 2012:4. This thesis thoroughly reviewed the previous theoretical and empirical literature in order to sort out the rather inconclusive results of previous studies according to their main findings and implemented methodology. The empirical part consists of the estimation of the effects of budget deficits and government debt on the spread between the three-month and five-year interest rates, which closely reflects the effects of fiscal policy on the yield curve. The reduced-form equation was estimated by OLS. Since the estimated coefficients were not statistically significantly different from zero, this thesis did not confirm the conventional macroeconomic view of positive impacts on yields.
|
|
|
Financial and economic results of public budgets in the light of political business cycles in the Czech Republic between years 1993 and 2010
Šefr, Michal ; Ševčík, Miroslav (advisor) ; Řežábek, Pavel (referee)
The thesis is focused on development of public finance in the Czech Republic between years 1993 and 2010. The crucial aim is to find out possible connections between increasing government deficits and the effort of politicians to be re-elected through higher government spending prior to an election. The analysis is mainly based on state and public budgets especially their annual changes in structure and basic components. I divide the cyclical and structural deficit and examine the influence of economic policy to its creation. In thesis is also described the general theory of public finance, issue of fiscal imbalance, public choice theory and its theory of political business cycle. The fiscal policy is carefully analyzed in recent electoral cycles in context of the economic and political development. The results of the analysis indicate that significant part of public debt has been created because of populist reasons especially in the period of economic expansion.
|
|
|
The analysis of the causes of the state of public finance in selected countries Economic and monetry union during the period 1996 to 2010
Husarová, Lucie ; Ševčík, Miroslav (advisor) ; Řežábek, Pavel (referee)
Major issue of this thesis is fiscal imbalance, which is expressed by budget deficit and public debt. The aim is to find the main cause of the current state indebtedness of public finance. The basic hypothesis of this work is that the current state is not strictly caused by the economic downturn raised by the global economic crisis. The analysis is performed at 8 states of the European Union. The theoretical section is focused on the description of theoretical connections in the system of public finances, fiscal imbalances, business cycle and shaping of Economic and monetary union. The analytical part discusses the specific challenges like unemployment, persistent budget deficits and increasing public and private debts. The selected data are presenting through series of graphs.
|
|
|
VÝSLEDKY HOSPODAŘENÍ VEŘEJNÝCH ROZPOČTŮ VE SVĚTLE PRŮBĚHU POLITICKÝCH CYKLŮ V ČR V LETECH 1993 - 2010
Kratochvílová, Tereza ; Ševčík, Miroslav (advisor) ; Vostrovská, Zdenka (referee)
The aim of the thesis is to evaluate financial and economic results of public budgets in the Czech Republic. The analysis concerns all governments between years 1993 and 2010 and shows possible connections with the political-business cycle. Origins of public budgets deficits are investigated in order to classify cyclical and structural deficit. These are established on the basis of political measures and the economic cycle analysis. First part of the thesis is based on the theory of Public finance, Public choice and Political-business cycle. Second part focuses on the analysis of economic cycles within the context of each election period and political decisions. Finally the thesis summarizes results of investigation at the said period and the influence of the economic policy of every government on results of public budgets. The economic cycle analysis demonstrate that between years 1993 and 2010 deficits of public budgets are predominantly structural.
|
|
|
Analysis of the development of public budget of the Czech Republic from 1993 up to the present
Chmelová, Pavla ; Zeman, Karel (advisor) ; Krebs, Vojtěch (referee)
Objective of this diploma thesis is to process analysis of development of revenues, expenditures and deficit of the state budget in the Czech Republic and to characterize the main economic trends, state of public funds and the economy at large. There are identified shares of exogenous influences, accepted reforms and measures in the economic development during the period from 1993 up to 2010. Theoretic -- methodological part is divided into three parts, the first one describes fiscal policy in general. The second part deals with the state budget, its revenue and expenditure side and very current field of debt financing. In the last part there is processed tax theory and conception of the flat tax from theoretical point of view. Practical part is introduced by description of the economic starting state of the Czech Republic. This is followed by the list of economic events and political measures that formed the final shape of public funds. Furthermore there is carried out the analysis of state budget development. Subject of the analysis is the extent and structure of both revenue and expenditure side of the state budget, budget balance and the government debt. Part of this thesis is also the analysis of development of macroeconomic indicators, specifically it is the GDP growth, unemployment rate and inflow of foreign funds. In the conclusion of the diploma thesis there is the successfulness of examined budget and fiscal policy evaluated and there are drawn some suggestions for the field of public funds in the coming years.
|
|
| |
|
|
Development and consequences of public debt in selected countries of the EU
Koukalová, Eva ; Stuchlíková, Zuzana (advisor) ; Hnát, Pavel (referee)
The main goal of this thesis is to introduce the topic of public debt and its connection to budget deficit, and to compare the situation in 2 selected countries of the European Union, Ireland and Portugal. The first chapter describes the theory of public finance, its function and the main principles. It focuses on the problem of fiscal imbalance, approach of the European union (especially with regards to the Stability and Growth Pact), it also explains the theory of budget deficit and public debt. Second and third chapters are focused on the selected countries of the EU - Ireland and Portugal - as countries that are facing major problems in the area of public finance and are highly likely to ask for financial help, as it happend in the case of Greece. The chapters describe an overall economic situation of the two countries, the causes of public debt and its increase, approach of the EU towards them, proposed and agreed austerity measures, possible solutions and also further prospects for the future.
|
guest ::
