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Indebtedness of statutory cities
KUKRÁLOVÁ, Lucie
The thesis deals with the indebtedness of statutory cities in the Czech Republic and its development. It contains the characteristics of the types of repayable financial support, defines the terms related to the regulation of indebtedness, and describes the risks that arise from high indebtedness. The statutory cities and their management are also described. A large part of the work is also devoted to the description of legislative rules, their development, and their effectiveness. The practical part deals with defining the debt of statutory cities, determining its size, structure, and dynamics. It also compares the indebtedness of selected statutory cities according to debt instruments on the basis of their solvency and compliance with the rules of budgetary responsibility. Based on the results, it can be summarized that the share of statutory cities in public debt has been less than 5% in recent years and the share of municipalities has also remained below 10%. In general, we can say that the debt of municipalities, as well as statutory cities, has been developing favorably in recent years, is declining, and still appears to be negligible compared to the total public debt. The share of public debt in GDP is also kept below 60%, and the Czech Republic also complies with the Maastricht criterion. The statutory cities of Prague, Liberec and Olomouc appear to be the most problematic. Olomouc and Liberec have even exceeded the 60% threshold since the introduction of the budgetary responsibility rule in 2017.
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