The consolidated debt of local government units in Poland
Journal Title: "Finanse" Czasopismo Komitetu Nauk o Finansach PAN - Year 2018, Vol 11, Issue 1
Abstract
All local government units in Poland have been analysed regarding their consolidated debt. The consolidated debt was compared with the budget debt which is subject to monitoring and statutory restrictions. The scale of extra-budgetary debt has been revealed as recorded in the balance sheet of a local government unit, a parent entity. In practice, the consolidated balance sheet and debt presented in it are not subject to debates and analyses. Local governments refrain from auditing and publicising of the consolidated balance sheet. The article describes the risks related to unlimited local government debt.
Authors and Affiliations
Mirosław Czekaj
Keywords
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- EP ID EP448344
- DOI 10.24425/finanse.2018.125397
- Views 47
- Downloads 0
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