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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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The indebtedness of local governments and its regulation
TRNKOVÁ, Karolína
The aim of this thesis is the state and the dynamics of indebtedness of territorial self-governing units in the Czech Republic to evaluate. The thesis has two parts - the theoretical part and the practical part. The important information about this issue are in the theoretical part. The information are drawn from the technical literature, the information of Ministry of Finance of the Czech Republic and the other sources. This part contains the tract on the returnable financial resources, the debt and its reporting, the causes of indebtedness, the problems, which the indebtedness of local governments will cause and the regulation of indebtedness of local governments. The practical part is divided into 5 parts - The analysis of debt of territorial self-governing units in relation to the public debt of the Czech Republic, The analysis of indebtedness of municipalities of the Czech Republic, The analysis of indebtedness of regions of the Czech Republic, The analysis of municipalities of the Czech Republic with higher measure of risk of municipal finance and The regulation of debt of local governments in the Czech Republic. For example it was discovered, that the public debt of the Czech Republic grow all the time, but the share of municipal debt and regional debt to the public debt is minimal. The municipal indebtedness of the Czech Republic has the growing trend. The municipalities use the credits often, the issue of municipal bonds and the approved returnable financial assistances. In 2012 the debt of municipalities with 5 000 and more inhabitants made up 73 per cent of total municipal debt. The regions has growing trend except 2010. The regions use the credits often and the approved returnable financial assistances. In 2011 and in 2012 the highest debt per 1 inhabitant had the Olomouc Region, the Karlovy Vary Region and the Pardubice Region. The Plzeň Region had the zero debt per 1 inhabitant. In category of municipalities with higher measure of risk of municipal finances was 47 municipalities from 6 244 monitored municipalities. The worst situation is in municipalities: Prameny, Turovice and Bublava.
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