1. bookVolume 12 (2019): Issue 1 (June 2019)
Journal Details
License
Format
Journal
eISSN
1338-4309
ISSN
1337-9038
First Published
03 Aug 2009
Publication timeframe
2 times per year
Languages
English
Open Access

The Impact of Fiscal Rules on the Financial Management of Higher Self-Governing Units in the Slovak Republic

Published Online: 18 Jun 2019
Volume & Issue: Volume 12 (2019) - Issue 1 (June 2019)
Page range: 135 - 159
Journal Details
License
Format
Journal
eISSN
1338-4309
ISSN
1337-9038
First Published
03 Aug 2009
Publication timeframe
2 times per year
Languages
English
Abstract

This article deals with the analysis of the impact of fiscal rules on financial management within the higher self-governing units of the Slovak Republic. For this analysis, unique data from 2002 – 2016 has been used. The quantitative analysis is complemented by a questionnaire survey and a structured interview of respondents who are responsible for controlling the financial management of higher territorial units. This analysis has shown the positive effect of fiscal rules on regional economics, but also revealed shortcomings that prevent the full use of fiscal rules in Slovakia. Th is is primarily due to incomplete and formal implementation, the interests of local elites, and a lack of coordination of activities with the central government.

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