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Wyszukujesz frazę "local government debt" wg kryterium: Temat


Tytuł:
Planowanie finansowe w zarządzaniu długiem samorządowym - analiza dynamiczna na przykładzie województw samorządowych
Autorzy:
Wiśniewski, Marcin
Powiązania:
https://bibliotekanauki.pl/articles/630013.pdf
Data publikacji:
2016
Wydawca:
Szkoła Główna Handlowa w Warszawie
Tematy:
Local government, Local government finance, Debt management
Opis:
The article describes the role financial planning, in particular the role of multiannual financial forecasts, in the debt management process in the local government units. Theoretical and methodological considerations are supplemented by study of changes in budget categories related to local government debt, which took place between the multiannual financial forecasts prepared for the years 2013 and 2014. The analysis was performed for all units in general and more specifically for the voivodships. The article postulates that local authorities should ensure greater accuracy and continuity of their financial plans
Źródło:
Kwartalnik Kolegium Ekonomiczno-Społecznego Studia i Prace; 2016, 2; 105-116
2082-0976
Pojawia się w:
Kwartalnik Kolegium Ekonomiczno-Społecznego Studia i Prace
Dostawca treści:
Biblioteka Nauki
Artykuł
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
Artykuł
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
Artykuł
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
Artykuł
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
Artykuł
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
Artykuł
Tytuł:
Wpływ indywidualnego wskaźnika zadłużenia jednostek samorządu terytorialnego na poziom zadłużenia wybranych gmin województwa podkarpackiego
The Impact of Individual Debt Ratio in Local Government Units on the Debt Level of Selected Municipalities in PodkarpackieVoivodeship
Autorzy:
Romowicz, Bartosz
Powiązania:
https://bibliotekanauki.pl/articles/942886.pdf
Data publikacji:
2014
Wydawca:
Uniwersytet Rzeszowski. Wydawnictwo Uniwersytetu Rzeszowskiego
Tematy:
indywidualny wskaźnik zadłużenia
dług samorządowy
gmina
individual debt ratio
local government debt
municipalities
Opis:
Instytucja indywidualnego wskaźnika zadłużenia JST jest instytucją nową i jeszcze nie do końca sprawdzoną. Po raz pierwszy w 2014 r. JST, aby uchwalić budżet, musiały wziąć pod uwa-gę nowy sposób liczenia zdolności do zadłużania się. Mimo, iż było wiadome, że nowy sposób liczenia nastąpi za kilka lat, to nie wszystkie samorządy odpowiednio się do tego przygotowały. JST po ustanowieniu nowych reguł zadłużania się podjęły pewne kroki dostosowujące zadłu-żenie do nowych reguł. W związku z powyższym większość z gmin nie miała problemów z uchwa-leniem budżetu na 2014 r. Pojawiły się jednak takie gminy, które w trakcie prac nad budżetem na 2014 r. miały pro-blem ze spełnieniem nowych ograniczeń zadłużenia i stawały w obliczu konieczności przygo-towania programu naprawczego. W województwie podkarpackim taka sytuacja dotyczyła gmin wiejskich: Krzywcza, Dubiecko oraz Baligród. W ostateczności każda z tych gmin uchwaliła program naprawczy. Bardzo dobrym przykładem, który wskazuje na właściwość zastosowanego przez ustawo-dawcę wskaźnika jest wcześniej wspomniana gmina Dubiecko, która według nowych przepisów musiała uchwalić początkiem kwietnia 2014 r. program naprawczy na lata 2014–2016. Według poprzednio obowiązujących granic zadłużenia w 2013 r. zadłużenie tej gminy po uwzględnieniu zobowiązań wyniosło 52,01% dochodów ogółem. Pokazuje to, że wskaźnik jeszcze w większym stopniu ograniczy zadłużanie JST.
Institution of individual debt ratio in local government units is new and not yet fully proven. For the first time in 2014 local government units in order to adopt a budget have to consider the new method of calculating the debt capacity. Although it was known that new calculating method will take place in few years time, not all local governments prepared respectively. The goal of the article is to show how individual debt ratio affect constantly growing debt of selected municipali-ties in podkarpackie voivodeship. The basic method during the research was dogmatic-law method, because most of the source data is located in local government unit resolutions. Theoretical-law method and historical-law method were also used. Local government units after establishment of the new debt rules have taken some steps to adjust the debt to the new rules. Consequently, most of the municipalities had no problems with the adoption of the budget for 2014. However, there were such municipalities, which during the works on the budget for 2014 had problems with fulfilling new restrictions on debt and were faced with the need to prepare recovery program. In podkarpackie voivodeship such situations took place in country municipalities: Krzywcza, Dubiecko and Baligrod. In the end, each of these municipalities adopted the recovery program. A very good example that shows adequacy of individual debt ratio used by the legislator is the above-mentioned municipality Dubiecko, which according to the new rules had to adopt at the beginning of April 2014, the recovery program for the years 2014–2016. According to the previ-ously existing debt boundaries in 2013, the debt of this municipality after the commitments was 52.01% of total revenue. This shows that individual debt ratio will reduce the indebtedness of local government units to larger extend.
Źródło:
Nierówności Społeczne a Wzrost Gospodarczy; 2014, 40; 227-237
1898-5084
2658-0780
Pojawia się w:
Nierówności Społeczne a Wzrost Gospodarczy
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Tendencje w zarządzaniu długiem samorządowym w Polsce na podstawie wieloletnich prognoz finansowych jednostek samorządu terytorialnego
Trends in the local government debt management in Poland on the basis of long-term financial forecasts of local government units
Autorzy:
Wiśniewska, Dorota
Wiśniewski, Marcin
Powiązania:
https://bibliotekanauki.pl/articles/693131.pdf
Data publikacji:
2014
Wydawca:
Uniwersytet im. Adama Mickiewicza w Poznaniu
Tematy:
debt management
local government debt
financial forecasting
zarządzanie długiem
dług samorządowy
prognozowanie finansowe
Opis:
The considerable growth of Polish local government debt observed recently has resulted in the increasing importance of debt management as part of the overall financial management in local government units. An essential tool in this process is the long-term financial forecast, mandatory since 2010. In 2013 local governments were also obliged to report, in a standardised form, their forecasts, and the first aggregated data have already been published by the Ministry of Finance. Thus, for the first time, trends in the local government debt management in Poland could be analysed. This paper examines the main features of this process as reflected in local governments’ financial plans. In particular, the size of the planned debt and its service has been analysed in absolute terms and in relation to the units’ income, followed by an analysis of debt repayment schedules and the cost of the debt.
Znaczący w ostatnich latach wzrost zadłużenia polskich samorządów spowodował, że zarządzanie długiem stało się niezwykle istotnym elementem zarządzania finansami w jednostkach samorządu terytorialnego. Niezbędnym w tym procesie narzędziem jest obowiązkowa od 2010 r. wieloletnia prognoza finansowa. Począwszy od 2013 r., jednostki zobligowane zostały dodatkowo do raportowania w ujednoliconej formie swoich prognoz, które ostatecznie zostały zebrane i upublicznione w zbiorczym zestawieniu przez Ministerstwo Finansów. Dane te umożliwiły po raz pierwszy zbadanie tendencji w zarządzaniu długiem samorządowym w Polsce. W niniejszym artykule zbadano najważniejsze przejawy tego procesu, które zostały odzwierciedlone w planach finansowych jednostek. Przeanalizowano w szczególności wielkość planowanego zadłużenia oraz jego obsługę (w ujęciu bezwzględnym, jak i w relacji do dochodów jednostek), wskazano także na rozplanowanie spłaty długu w czasie oraz na wysokość jego kosztów.
Źródło:
Ruch Prawniczy, Ekonomiczny i Socjologiczny; 2014, 76, 1; 175-193
0035-9629
2543-9170
Pojawia się w:
Ruch Prawniczy, Ekonomiczny i Socjologiczny
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Determinants of the deterioration in China’s public finances in 2005-2018
Czynniki wpływające na pogodzenie stanu finan-sów publicznych w Chinach w latach 2005-2018
Autorzy:
Twarowska, Katarzyna
Powiązania:
https://bibliotekanauki.pl/articles/583698.pdf
Data publikacji:
2019
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
central and local government debt
domestic and external debt
budget deficit
systemic risk, crisis.
Opis:
The aim of the paper is to assess the condition of China’s public finances, identify the main factors that contribute to the increase in public debt, and to provide some suggestions that could be considered to improve the quality of public finances and reduce systemic risk. To achieve the objective of research the descriptive comparative method was used. The analysis was carried out for the period 2005-2018, however, due to the special conditions for the development of the Chinese economy, the background from previous years is also presented, as well as forecasts up to 2024. The analysis allowed to formulate conclusions, the most significant of which are that the main causes of China’s debt problem and the rising systemic risks are the effect of the global financial crisis and the change of the economic growth strategy to a strategy based on internal demand, which results in fiscal expansion. A particularly troubling development is the pace of growth in public debt, in particular the increase in local government debt and the increase in the share of short-term financing in external debt.
Cele analizy stanowią ocena kondycji finansów publicznych Chin, identyfikacja głównych czynników, które przyczyniają się do wzrostu zadłużenia publicznego, a także wskazanie propozycji mogących służyć poprawie kondycji finansów publicznych i obniżeniu ryzyka systemowego. W badaniu wykorzystano metodę porównawczą opisową. Okres analizy obejmuje lata 2005-2018, jednak ze względu na szczególne uwarunkowania rozwoju chińskiej gospodarki uwzględniono lata wcześniejsze i prognozy do 2024 r. Przeprowadzone badanie pozwoliło sformułować wnioski. Najważniejsze mówią o tym, że głównymi przyczynami problemów związanych z zadłużeniem Chin są rosnące ryzyko systemowe, wpływ globalnego kryzysu finansowego i zmiana strategii wzrostu gospodarczego na strategię opartą na popycie wewnętrznym, co wiąże się z większą ekspansją fiskalną. Niepokojącym zjawiskiem jest tempo wzrostu zadłużenia publicznego, a w szczególności wzrost zadłużenia na poziomie lokalnym, a w zadłużeniu zewnętrznym wzrost udziału finansowania krótko-terminowego.
Źródło:
Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu; 2019, 63, 10; 114-128
1899-3192
Pojawia się w:
Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Impact of The Economic Slowdown on Local Government Investments, Debt and Productivity in The Eu Countries
Autorzy:
Kluza, Krzysztof
Powiązania:
https://bibliotekanauki.pl/articles/522401.pdf
Data publikacji:
2014
Wydawca:
Uniwersytet Ekonomiczny w Katowicach
Tematy:
Lokalne inwestycje rządowe
Lokalna produktywność rządowa
Lokalny dług publiczny
Local government productivity,
Local government investments,
Local government debt
Opis:
The recent economic crisis had a significant influence on the activities of public sector entities at both central and local levels. This research paper shows an analysis of changes in investments, debt and productivity of local governments in European Union countries in the years 2003-2012. During the crisis period, local governments performed a visibly positive role from the perspective of the countercyclical policy of the public sector. In the years 2009-2010, the share of local government investments in total investments (GFCF) grew to 10%. The active investment policies of local governments resulted in their higher indebtedness. Average annual net borrowing amounted to 0.5% of GDP per country during the crisis period. Although the borrowing was for purely investment activities, it was not noticeably correlated with an increase of productivity. In addition, after productivity growth in the 2008-2009 period, the subsequent years experienced an overall decrease of local government sector productivity. Further analysis showed a relative deterioration of the financial position of local governments regardless of their productivity profile. Taking into consideration the lasting fiscal strains, further stimulation of the economy with debt instruments appears an unsustainable policy for local governments, both in the context of future debt repayments, as well as the failure to lead to increased productivity.
Źródło:
Journal of Economics and Management; 2014, 18; 26-39
1732-1948
Pojawia się w:
Journal of Economics and Management
Dostawca treści:
Biblioteka Nauki
Artykuł
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
Artykuł
Tytuł:
Application of optimization modelsfor long – term financial planningin local government sector
Autorzy:
Cichocki, Krzysztof S.
Powiązania:
https://bibliotekanauki.pl/articles/950921.pdf
Data publikacji:
2014
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
model
optimization
debt
investment
local government
Opis:
The author presents a model to financial optimization of local government unit with the refernce to additional charakteristics like the debt requirements. The model is used to present long-term fianancial analysis and financil forcasts of the sepicifc local government unit. The author elaborets a budget cash flow scheme with interperiod relations. The model allows to determine the maximum level of financial investment capability, the safe debt level and the scheme of debt pay off for each year of given period, like 8 years. For each year the model ensures to keep local government unit afloat and to meet the debt and expendiniture ratios legal criteria. In the article the are two scenarios for model application for the different level of UE funds – exogenous variables. There is a possibility to analyse diffenrent financial policies.
Źródło:
Financial Sciences. Nauki o Finansach; 2013, 4 (17); 30-51
2080-5993
2449-9811
Pojawia się w:
Financial Sciences. Nauki o Finansach
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Deficyt i zadłużenie samorządów gminnych w świetle ograniczeń ustawowych
The deficit and the debt of local governments in the light of the statutory restrictions
Autorzy:
Zawora, Jolanta
Zawora, Paweł
Powiązania:
https://bibliotekanauki.pl/articles/534258.pdf
Data publikacji:
2013-12-15
Wydawca:
Uniwersytet Rzeszowski. Wydział Ekonomii
Tematy:
defiit
debt
local government
statutory restrictions
Opis:
This article aims to present the legal conditions which affect on management of debt in municipalities and analysis of the financial result and the level of debt of local governments in the Subcarpathian region, and Poland. The debt of local government in 2007–2011 systematically increased. In most municipalities generated local government debt. I increased the budget deficit of municipalities. Although the government debt grew, it was lower than the statutory level
Źródło:
Przedsiębiorstwo i Region; 2013, 5; 131-139
2080-458X
Pojawia się w:
Przedsiębiorstwo i Region
Dostawca treści:
Biblioteka Nauki
Artykuł
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
Artykuł
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
Artykuł

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