DEVELOPMENT OF ANNUALITY AND MULTI-ANNUALITY IN PUBLIC FINANCES OF THE CZECH REPUBLIC AND POLAND IN THE CONTEXT OF THEORETICAL STATE MODELS CREATED BY THE FINANCE LAW DOCTRINE AND THE EUROPEAN UNION COUNCIL DIRECTIVE ON REQUIREMENTS FROM BUDGETARY FR
DEVELOPMENT OF ANNUALITY AND MULTI-ANNUALITY IN PUBLIC FINANCES OF THE CZECH REPUBLIC AND POLAND IN THE CONTEXT OF THEORETICAL STATE MODELS CREATED BY THE FINANCE LAW DOCTRINE AND THE EUROPEAN UNION COUNCIL DIRECTIVE ON REQUIREMENTS FROM BUDGETARY FR

Summary/Abstract: Comparative studies of financial law of Poland and the Czech Republic are underway. However, even at the present stage it is possible to draw certain conclusion as to the thesis of this article. Both in the context of theoretic models of states created by the doctrine of financial law, and in the context of the EU Directive on mid-term budgetary framework, Poland seems to have different, more advanced finance annuality and multi-annuality instruments from those in the Czech Republic. It should be born in mind that different institutions of financial law are merely various means serving to raise the effectiveness of the financial economy of the given state. In reality, it is not the sole fact of the existence of modern methods and means that determines the state of public finances, but foremost the ability of their application.

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