Fiscal savings of Czech municipalities: Precaution or inaction of their administration?

Sedmihradská Lucie ()
Additional contact information
Sedmihradská Lucie: Prague University of Economics and Business, Prague, Czech Republic

Review of Economic Perspectives, 2023, vol. 23, issue 3, 203-216

Abstract: Czech municipalities keep a substantial and growing volume of bank deposits. An analysis of determinants of unreserved deposits in 2021 suggests that municipalities are precautionary and accumulate fiscal reserves if they can and do so to stabilize their budget management. Signs of low activity of municipal administration such as low creation of new assets and low execution of the approved budget were not related to the volume of unreserved deposits in 2021. The change in the impact of the municipal debt on fiscal savings from strongly negative to weakly positive between 2016 and 2021 calls for more research on the impact of the introduction of new local debt regulation.

Keywords: bank deposits; Czech Republic; fiscal reserves; local government (search for similar items in EconPapers)
JEL-codes: H70 H72 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/revecp-2023-0007 (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:vrs:reoecp:v:23:y:2023:i:3:p:203-216:n:2

DOI: 10.2478/revecp-2023-0007

Access Statistics for this article

Review of Economic Perspectives is currently edited by Antonín Slaný

More articles in Review of Economic Perspectives from Sciendo
Bibliographic data for series maintained by Peter Golla ().