Is There a Local Financial Crisis in Poland?

• Authors: Marzanna Poniatowicz
• Languages of publication: EN

Abstracts

EN

This article aims to identify the specific features of local financial crisis (stress). As an example for analysis, the author uses the Polish local government sector. The analysis relates to changes in the sector’s budgetary revenue and expenditure, limitation of local authorities’ financial autonomy, the deepening fiscal imbalance experienced by them, and their rapidly growing level of debt and its consequences. Comparisons are made with the situation in other European Union member states.

Keywords

EN

LOCAL FINANCIAL CRISIS; LOCAL GOVERNMENT SECTOR; FISCAL IMBALANCE; LOCAL PUBLIC DEBT

• Journal: Optimum. Studia Ekonomiczne
• Year: 2012
• Issue: 5(59)
• Pages: 77-88

Contributors

author

Marzanna Poniatowicz

• is a research worker at Faculty of Economics and Management, University of Bialystok, Poland