Calculation of Internal Debt on Road Network in the Vysočina Region

Martin Černý
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Martin Černý: Za Prachárnou 10, 586 05 Jihlava, Czech Republic

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2015, vol. 63, issue 4, 1235-1249

Abstract: The aim of this paper is to present the issue of financing the extent and quality of the road network, which is a necessary prerequisite for economic and social development of the Vysočina Region. The paper gives a methodological approach to the calculation of internal debt of the road network in the Vysočina Region, made its own calculation in the alternatives, whereas those alternatives reflect financing by the region through its own resources, as well as an alternative, which includes financing and the involvement of external resources (loans, fund state infrastructure and European sources). The calculation determines the size of internal debt, and therefore the extent of the problem. The definition of internal debt we can express as an annual expenditures which has to follow to the road infrastructure to ensure the sustainable quality of road network. The paper describes a potential process ensuring the increase of efficiency of public financing for the road network. In the contribution there is designed a potencial solution which deal with dividing regional roads into main three categories and in one of the category to introduce the system of road management.

Keywords: public debt; economic model; financial costs; road infrastructure (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2015063041235

DOI: 10.11118/actaun201563041235

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