Temat: local debt - Katalog OPAC zbiorów

Skocz do pozycji: 1.

Tytuł:: Refinansowanie długu lokalnego w Polsce
Refinancing local debt in Poland
Autorzy:: Budzeń, Daniel
Powiązania:: https://bibliotekanauki.pl/articles/11542183.pdf
Data publikacji:: 2016
Wydawca:: Kancelaria Sejmu. Biuro Analiz Sejmowych
Tematy:: refinancing risk of local debt
debt of local government units
public debt
Opis:: The article explores the significance of local debt refinancing risk and ways to prevent its occurrence. For this purpose, the author introduces the concept of ratio of average debt maturity of a local government unit. The author presents the test results of the refinancing risk of the local debt in Poland in 2011–2015. Definition of local debt is also discussed, as well as a review of objectives and risks associated with the management of public debt.
Źródło:: Studia BAS; 2016, 3(47); 197-219
2080-2404
2082-0658
Pojawia się w:: Studia BAS
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 2.

Tytuł:: Samodzielność dochodowa jako determinanta zdolności kredytowej jednostki samorządu terytorialnego
Revenue autonomy as a determinant of the creditworthiness of a local government unit
Autorzy:: Budzeń, Daniel
Głębski, Adam
Powiązania:: https://bibliotekanauki.pl/articles/2197345.pdf
Data publikacji:: 2021
Wydawca:: Kancelaria Sejmu. Biuro Analiz Sejmowych
Tematy:: local finances
local government units
income autonomy
local debt
Opis:: The aim of this paper is to identify the relationship between non-returnable sources of financing for local development and the ability to repay and service the debt by local government units in Poland. The formulated research problem becomes particularly important in the situation of limiting the level of own-source revenues (reduction of income independence) due to the influence of external factors, independent from local authorities. The research was carried out on the entire population of local government units in Poland, considering their statutory types, municipalities, powiats, cities with powiat status, and voivodeships. The existence of a strong correlation between own-source revenues and the operating surplus was confirmed. The obtained results indicate that it is possible to assess creditworthiness, taking into account own-source revenue and the operating surplus.
Źródło:: Studia BAS; 2021, 4(68); 85-105
2080-2404
2082-0658
Pojawia się w:: Studia BAS
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 3.

Tytuł:: Local Debt and the Development of Municipal Infrastructure. The Case of Małopolska
Autorzy:: Owsiak, Katarzyna
Powiązania:: https://bibliotekanauki.pl/articles/18105079.pdf
Data publikacji:: 2023
Wydawca:: Uniwersytet Marii Curie-Skłodowskiej. Wydawnictwo Uniwersytetu Marii Curie-Skłodowskiej
Tematy:: local debt
fiscal rules
local development
local government
local infrastructure
Opis:: Theoretical background: The contemporary approach to public debt is multi-faceted. Debt incurred to finance current expenses is assessed differently than debt financing capital expenditure. This distinction is also important from the point of view of local authorities as part of their budgetary policy. Each decision related to incurring a debt has not only financial consequences, but is also made in the political and image context. It is worth noting that the current research on debt insufficiently emphasizes its direct impact on the socio-economic development of a given local government unit, devoting much more attention to the impact of debt on the condition of public finances. In the case of the first stream of research, significant discrepancies should be noted with regard to the selection of optimal indicators for measuring the impact of debt on local development. Therefore, one should agree that local development is conditioned by a whole group of factors dependent and independent of local authorities. The article attempts to verify several indicators of the development of infrastructure partially financed with debt. Purpose of the article: Against this background, the subject of this study is to identify the policy of incurring debt by local government units in Poland in the longer term, to determine the degree of diversification of this policy, as well as, and perhaps above all, to link this policy with development processes. In order to avoid a superficial approach to such outlined issues, the scope of observation was limited to the communes of the Małopolska Voivodeship. Such an approach also made it possible to take into account a longer period of observation of the surveyed communes (2010–2020). Research methods: Out of the total number of 179 communes existing in Małopolska, 11 urban communes (the whole group due to their limited number), 20 rural communes and 20 urban-rural communes were randomly selected for the study. The basic criterion for assessing the policy of municipalities in relation to local debt was the ratio of total debt per capita to total revenue per capita. This indicator allows to determine the level of debt burden on communes’ revenue. Next, the total impact of variables characterizing the budgetary policy of the commune was examined, such as: a) own revenue per capita, b) investment expenditure per capita, c) non-recoverable property expenditure per capita (mainly from the European Union), d) debt per capita, on selected indicators of the development of municipal infrastructure of the commune, affecting the quality of life of the commune’s inhabitants. Progress in the development of infrastructure improves the conditions for conducting business activity of private enterprises, including the location of new entities, which may result in an increase in the commune’s own revenue. The study used a multiple correlation coefficient, the value of which was calculated in each distinguished cluster of communes. The obtained results allowed to assess how the level of indebtedness of communes influenced the socio-economic development of these units. Main findings: The conducted analysis made it possible to determine the degree of restrictiveness carried out by the authorities of the analyzed municipalities of Małopolska. The level of the multiple correlation coefficient calculated for municipalities between the explanatory variables characterizing the budgetary policy of municipalities (investment expenditure per capita, debt per capita, non-refundable property expenditure per capita and the dependent variable own revenue per capita) proves a fairly strong relationship between the analyzed variables. On the other hand, in rural communes with a low restrictive budget policy (with a high debt ratio), the total impact of the indicated variables on the level of infrastructure development is generally stronger than in communes with a more disciplined budget policy (with a lower debt level). In the case of urban-rural communes with a low-restrictive budget policy (high debt ratio), the total impact of the analyzed variables on the level of infrastructure development in a commune is generally stronger than in communes with a more disciplined budget policy (with a lower level of debt).
Źródło:: Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia; 2022, 56, 4; 107-133
0459-9586
2449-8513
Pojawia się w:: Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 4.

Tytuł:: Zadłużenie jednostek samorządu terytorialnego i jego determinanty
Local self-government debt and its determinants
Autorzy:: Poniatowicz, Marzanna
Jastrzębska, Maria
Powiązania:: https://bibliotekanauki.pl/articles/2197342.pdf
Data publikacji:: 2021
Wydawca:: Kancelaria Sejmu. Biuro Analiz Sejmowych
Tematy:: deficit and debt of local governments
determinants of local government debt
local fiscal rules
Opis:: The paper examines the prerequisites and effects of indebtedness of local government units in Poland, as well as identifies the determinants of their indebtedness, divided into legal-financial, political, economic-social and organisational-management ones. The level of indebtedness of these units in the years 2003–2020 is also presented. Cities with powiat status and municipalities are most heavily indebted, which is primarily related to local government investments carried out by them.
Źródło:: Studia BAS; 2021, 4(68); 147-170
2080-2404
2082-0658
Pojawia się w:: Studia BAS
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 5.

Tytuł:: Ryzyko polityczne w zarządzaniu długiem lokalnym w Polsce
Political risk in local debt management in Poland
Autorzy:: Budzeń, Daniel
Powiązania:: https://bibliotekanauki.pl/articles/1363662.pdf
Data publikacji:: 2021-07-29
Wydawca:: Szkoła Główna Handlowa w Warszawie
Tematy:: political risk
local debt
local government finance
ryzyko polityczne
dług lokalny
finanse samorządu terytorialnego
Opis:: W artykule przedstawiono zagadnienia związane z występowaniem ryzyka politycznego w samorządzie lokalnym w Polsce. Podjęto próbę zidentyfikowania możliwości wystąpienia politycznego cyklu budżetowego w jednostkach samorządu terytorialnego. Na podstawie danych ze sprawozdań budżetowych została przeprowadzona analiza empiryczna finansów samorządowych z uwzględnieniem poziomu zadłużenia, wydatków majątkowych, a także wyniku budżetu. Prezentowane rezultaty badań obejmują wszystkie kategorie jednostek samorządu terytorialnego, tj. gminy, miasta na prawach powiatu, powiaty i województwa. Analiza obejmuje lata 2003-2019. Szczególne zainteresowanie wzbudziły lata wyborcze i okresy przedwyborcze. Część empiryczną poprzedza przegląd literatury zarówno w zakresie cyklu wyborczego, jak i ryzyka w zarządzaniu długiem lokalnym. Przyjęta struktura artykułu umożliwia uzyskanie odpowiedzi na pytanie: Czy ryzyko polityczne występuje w badanych podmiotach?
The article presents issues related to the occurrence of political risk in local government in Poland. It will attempt to identify the symptoms to demonstrate the possibility of a political budget cycle in local government units. On the basis of budgetary data an empirical analysis of local governments will be carried out, with a particular emphasis on debt levels, capital expenditures, and a result of the budget in the years of local elections and pre-election periods. The presented research results cover all categories of local government units, i.e., municipalities, cities with poviat rights, poviats, and voivodships. The time range of the analysis is 2003-2019. The empirical part is preceded by a literature review, both in terms of the election cycle and the risk related to local debt management. The adopted structure of the article allows obtaining an answer to the question of whether there is a political risk in the surveyed entities.
Źródło:: Studia z Polityki Publicznej; 2021, 8, 2(30); 29-45
2391-6389
2719-7131
Pojawia się w:: Studia z Polityki Publicznej
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 6.

Tytuł:: Problemy efektywnego zarządzania długiem samorządowym
Problems of effective local government debt management
Autorzy:: Otczyk, Grzegorz
Felis, Paweł
Powiązania:: https://bibliotekanauki.pl/articles/2197341.pdf
Data publikacji:: 2021
Wydawca:: Kancelaria Sejmu. Biuro Analiz Sejmowych
Tematy:: local government
budget deficit
local government debt
effectiveness of debt management
local development
Opis:: The article presents the issues of effective management of local government debt. Local government debt can be seen as an effect of accumulated budget inequality. The considerations in the article concern the analysis of the sources of financing the activities of local government units and the effectiveness of their use in the context of maintaining an appropriate level of liquidity and meeting statutory standards. For this purpose, financial data of local government units for the years 2010–2020 were examined. The study was enriched with the results of research on the budget policy of municipalities on which the authors worked in previous years. It made it possible to trace the tendencies in the field of debt policy in local government units and to establish the challenges faced by representatives of local government authorities.
Źródło:: Studia BAS; 2021, 4(68); 171-194
2080-2404
2082-0658
Pojawia się w:: Studia BAS
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 7.

Tytuł:: Instytucjonalne limity zadłużania: doświadczenia z polskich gmin
Institutional borrowing restrictions: evidence from Polish local governments
Autorzy:: Działo, Joanna
Powiązania:: https://bibliotekanauki.pl/articles/596319.pdf
Data publikacji:: 2019
Wydawca:: Łódzkie Towarzystwo Naukowe
Tematy:: public debt; local borrowing; local governments; debt limits
dług publiczny; zadłużenie samorządów lokalnych; samorządy lokalne; limity długu
Opis:: Municipal borrowing is a ﬁnancial mechanism that enables local governments to pass tax burdens on to future generations. The theory of public finance argues that local government borrowing and spending may be more than optimal if the decisions of politicians are aimed at political gains. Therefore, the need for restrictions on borrowing by local governments is a generally accepted notion that is justiﬁed also by the fact that such restrictions are in force in the majority of decentralized countries. This paper is concerned with the debt level of Polish municipalities from 1990 to 2017. The main objective is to present past trends in the policies adopted in Poland concerning the mandatory limitations on municipal borrowing. Additionally, the author will try to assess the effectiveness of mandatory borrowing constraints and check whether current legislation takes into account the theoretical arguments of borrowing constraints.
Zadłużenie to mechanizm finansowy, który umożliwia samorządom lokalnym przesuwanie kosztów bieżących wydatków (w postaci wyższych obciążeń podatkowych) na przyszłe pokolenia. Według teorii finansów publicznych wydatki samorządów lokalnych mogą być nieoptymalne, jeśli decyzje polityków mają na celu osiągnięcie korzyści politycznych. Dlatego potrzeba stosowania ograniczeń dotyczących zadłużania się przez samorządy lokalne jest szeroko argumentowana, a takie ograniczenia obowiązują w większości krajów o zdecentralizowanych finansach publicznych. Niniejszy artykuł analizuje poziom zadłużenia polskich gmin w latach 1990–2017. Głównym jego celem jest przedstawienie dotychczasowych tendencji w polityce przyjętej w Polsce w zakresie obowiązkowych ograniczeń zadłużania się samorządów lokalnych. Ponadto autor podejmuje próbę oceny skuteczności obowiązkowych ograniczeń zadłużania samorządów lokalnych oraz sprawdzenia, czy obecne prawodawstwo uwzględnia teoretyczne argumenty ograniczeń w tym zakresie.
Źródło:: Studia Prawno-Ekonomiczne; 2019, 112
0081-6841
Pojawia się w:: Studia Prawno-Ekonomiczne
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 8.

Tytuł:: Management of Commune’s Financial Resources Under Conditions of Debt Bondage
Autorzy:: Nogalski, Bogdan
Kozłowski, Andrzej J.
Czaplicka-Kozłowska, Iwona Z.
Trusewicz, Monika
Powiązania:: https://bibliotekanauki.pl/articles/683543.pdf
Data publikacji:: 2015
Wydawca:: Uniwersytet Jagielloński. Wydawnictwo Uniwersytetu Jagiellońskiego
Tematy:: Commune local government, Debt management, Municipal bonds, Credits
Opis:: Background. A commune local government is formed by inhabitants holding power through their representatives selected to the commune council and to positions of the executive body. Successful local growth is ensured by collaboration among all entities while fulfilling tasks specified by the state law and arising from inhabitants needs. In this paper an entity refers to inhabitants because this choice stems from the conviction that inhabitants co-participate in performing tasks and thus bear the consequences of management which, in the case of finance management, may lead to ill-considered expenditures and excessive indebtedness. Therefore, the research investigates inhabitant’s knowledge about financial economy, specifically the scale of the commune’s debt and related ramifications. Research aim. The aim of the studies conducted is to propose a model for finance man-agement in the commune local government, including management under conditions of debt bondage, where local potentials are used for acquiring larger financial resources from the commune local government’s members. Method. The research method used for the studies was a diagnostic survey. The survey rested on the method of questionnaire surveys and interview. The fragment of extensive empirical research carried out in all 118 communes across Warmia and Mazury Region was harnessed in the paper. Direct questionnaire surveys and interviews covered more than 5,000 persons, including councillors, officials, and principally inhabitants. 215 persons were randomly selected out of the whole base of questionnaires. Key finding. The research subject outlined reveals a primary research problem addressed in the studies. This refers to the knowledge among the commune local government’s members about the magnitude of debt in the commune, knowledge about individuals responsible for this indebtedness and, finally, implications of the debt for inhabitants.
Źródło:: International Journal of Contemporary Management; 2015, 14, 1
2449-8920
Pojawia się w:: International Journal of Contemporary Management
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 9.

Tytuł:: Bailout expectation and debt risks of Chinese local governments: an evidence-based study on quasi-municipal bonds
Autorzy:: Zou, Jin
Cui, Chuantao
Powiązania:: https://bibliotekanauki.pl/articles/2116120.pdf
Data publikacji:: 2021-12-31
Wydawca:: Fundacja Copernicus na rzecz Rozwoju Badań Naukowych
Tematy:: local government debt
bailout expectation
soft budget constraint
Opis:: Expectation of bailout by central government distorts the debt pricing mechanism, and as a result local governments run the risk of incurring debts because of the soft budget constraint issues. Thus finding ways to harden budget constraints is crucial, but there is little empirical evidence as to their effects. Since the “No Bailout” signal sent by China’s central government through the new Budget Law provides an ideal quasi-experiment, this study examines its impact on quasi-municipal bonds. Using micro-level data, the authors find that the policies have effectively dispelled expectations of bailout and improved debt pricing mechanism, yet implicit guarantees from local governments still exist. Therefore, the authors show that the policy of the Chinese central government has a certain level of credibility, and that policies combining government credibility and market forces can help to resolve debt risks of local governments.
Źródło:: The Copernicus Journal of Political Studies; 2021, 2; 5-31
2299-4335
Pojawia się w:: The Copernicus Journal of Political Studies
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 10.

Tytuł:: The result of the LGU budget in the context of the mission of local governments
Autorzy:: Kotlińska, Janina
Powiązania:: https://bibliotekanauki.pl/articles/413833.pdf
Data publikacji:: 2018
Wydawca:: Uniwersytet Warszawski. Instytut Ameryk i Europy. Centrum Europejskich Studiów Regionalnych i Lokalnych (EUROREG)
Tematy:: local development
the result of LGU budgets
local government debt
Opis:: Since the very beginning of their establishment, municipalities, counties and regions (voivodeships) have been struggling with financial problems. Unfortunately, these problems affect the performance of the tasks assigned to these administrative units, including the standard of provided services and investment activities. Although extensive, the scale of the unsatisfied needs in LGUs varies between individual units, including municipalities. Thus, the positive financial results (the balance at the closure of the fiscal year) achieved by local government units in Poland in the recent years, as well as their future, offer an intriguing topic of research. The purpose of this paper is to identify the causes that: 1) underpin the re-evaluation of the LGU goals (from the implementation of the local government mission to achieving a budget surplus), and 2) allow the positive result of the LGU budget to finance goals other than investment-related ones. In order to achieve this, the study covers and illustrates, using the empirical data from the years 2007-2016, the types of possible LGU budget results, LGU activities that could contribute to the closure to LGU budgets with a positive result, directions of using budget surpluses and the so-called uncommitted funds, as well as local governments’ debt in terms of the intergenerational solidarity concept of its repayment and its perceived optimal structure.
Źródło:: Studia Regionalne i Lokalne; 2018, 1(71); 26-47
1509-4995
Pojawia się w:: Studia Regionalne i Lokalne
Dostawca treści:: Biblioteka Nauki

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