Selected Aspects of the Local Authorities Debt Restructuring with Local Authorities of the Kujawy-Pomerania Province as the Example
Journal Title: Prawo Budżetowe Państwa i Samorządu - Year 2013, Vol 1, Issue 1
Abstract
The limited nature of the revenue generated by local authorities and the vast needs make a definite majority of local and regional authorities acquire funds on the capital market by contracting credits or loans or issuing securities. A substantial change in the limits of the debt, despite long vacatio legis, resulted in a threat of exceeding the individual debt limit after January 1, 2014 in some local authorities. Some of them have decided to solve the problem by restructuring their debt.
Authors and Affiliations
Daniel Jurewicz
Keywords
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- EP ID EP193449
- DOI 10.12775/PBPS.2013.005
- Views 63
- Downloads 0
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