The consolidated debt of local government units in Poland
Journal Title: "Finanse" Czasopismo Komitetu Nauk o Finansach PAN - Year 2018, Vol 11, Issue 1
Abstract
All local government units in Poland have been analysed regarding their consolidated debt. The consolidated debt was compared with the budget debt which is subject to monitoring and statutory restrictions. The scale of extra-budgetary debt has been revealed as recorded in the balance sheet of a local government unit, a parent entity. In practice, the consolidated balance sheet and debt presented in it are not subject to debates and analyses. Local governments refrain from auditing and publicising of the consolidated balance sheet. The article describes the risks related to unlimited local government debt.
Authors and Affiliations
Mirosław Czekaj
Keywords
Related Articles
- EP ID EP448344
- DOI 10.24425/finanse.2018.125397
- Views 54
- Downloads 0
Wpływ emisji obligacji korporacyjnych na wartość dodaną przedsiębiorstwa
The purpose of this paper is to attempt to estimate the impact of corporate bond issue on the economic added value of an enterprise (EVA). The research data were obtained from the financial statements of companies listed...
Relacja cen złota i srebra w procesie inwestowania w metale szlachetne w Polsce
The paper employs an analysis of cointegration to investigate whether the gold silver ratio may be useful in the process of investment in gold and silver denominated in PLN and in structured certificates based on them. T...
Postulat niedyskryminowania oszczędności w podatku dochodowym a lokowanie środków na IKE i IKZE
A typical feature of the Polish personal income tax is a cumulative growth of the tax burden on savings over time. Investing in individual pension accounts ‘IKE’ and ‘IKZE’ allows to restrict this unfavourable phenomenon...
Ocena zapotrzebowania na kapitał ryzyka w przedsiębiorstwie – propozycja wykorzystania wskaźników finansowych
The paper focuses on the important issue related to the integration of risk management and corporate financial management in the context of financing the consequences of risk in a company. The theoretical study was based...
Ryzyko transakcji z odroczonym terminem płatności a egzekucja administracyjna
The article discusses the risk of transactions with deferred payment dates and the catalog of monetary obligations provided for in the Act of 17 June 1966. About execution proceedings in administration. The first part de...