New statutory standards for local government unit debt (Nowe normy ostroznosciowe w zakresie zadluzenia jednostek samorzadu terytorialnego)

Lukasz Satola ()
Additional contact information
Lukasz Satola: Katedra Zarzadzania i Marketingu w Agrobiznesie, Uniwersytet Rolniczy w Krakowie

Problemy Zarzadzania, 2012, vol. 10, issue 39, 77-91

Abstract: The article presents rules on borrowing capacity of local governments, introduced under the new law on public finance. Characteristics of different types of constraints used in local government debt limiting have been made. The theoretical terms and practical examples of solutions indicated in the European Union countries were also presented. The construction of a new debt ratio based on the categories of operating surplus was described. On this basis, an analysis of the creditworthiness of local governments was performed. The results indicate that the creditworthiness of most units will be reduced as a result of implementing the new statutory provisions. Using a new indicator of debt will make the borrowing depend on the financial situation of individual local governments much more than at present.

Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://press.wz.uw.edu.pl/ems/vol10/iss39/5 (application/pdf)
http://pz.wz.uw.edu.pl/en (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sgm:pzwzuw:v:10:i:39:y:2012:p:77-91

Access Statistics for this article

More articles in Problemy Zarzadzania from University of Warsaw, Faculty of Management Contact information at EDIRC.
Bibliographic data for series maintained by ().