Impact of Economic Crisis on Municipal Budgets in the Czech Republic
The aim of the paper is to outline an impact of the economic crisis on municipal budgets in the Czech Republic and to evaluate how selected municipalities with different level of delegated state administration dealt with the economic slump from the financial perspective. The results of our research so far suggest that Czech municipal budgets have been affected by the economic crisis more than regional budgets, but less than the central budget. The reason is that the budgets contain different proportion of cyclically sensitive items. This conclusion applies mainly to the financial situation of municipalities in 2009, when municipalities were able to draw on financial reserves they accumulated in the past few years. Due to these reasons, among other things, the crisis has affected the municipal budgets not so seriously; the municipalities in general did not have much trouble coping with the situation. The relatively good constitution of the municipal budgets is also evident in three examples of municipalities the South Moravian Region that are described and briefly compared in the final part of the paper.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Liviu Deceanu & Mirela Pintea & El Thalassinos & Vicky Zampeta, 2010. "New Dimensions of Country Risk in the Context of the Current Crisis: A Case Study for Romania and Greece," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 225-236.
When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xiv:y:2011:i:1:p:29-44. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eleni Giannakopoulou)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.