CEEOL - Browse Subjects Result

We kindly inform you that, as long as the subject affiliation of our 300.000+ articles is in progress, you might get unsufficient or no results on your third level or second level search. In this case, please broaden your search criteria.

PUBLIC-PRIVATE PARTNERSHIP (PPP) AS A WAY OF RISK DISTRIBUTION IN PUBLIC PROJECTS

Author(s): Piotr Tworek,Dorota Adamek-Hyska / Language(s): English Publication Year: 0

Public-Private Partnership (PPP) may be perceived as a specific form and source of funding for investments carried out by entities belonging to the public finance sector. Due to the fact that public projects are legally complex, capital-intensive and time-consuming undertakings, enjoying a lot of interest from the society, generating a lot of publicity and affected by a variety of political phenomena, special significance should be given to risk management in such activities conducted by the public sector.

More...

PROBLÉMY FINANCOVIA PROJEKTOV VEREJNO-SÚKROMNÉHO PARTNERSTVA NA SLOVENSKU

Author(s): Veronika Jánošová,Eduard Hyránek / Language(s): Slovak Publication Year: 0

Public Private Partnerships (PPP) are a form of cooperation between private and public sector. Their goal is to finance building, reconstruction, operation and maintenance of infrastructure and providing of public services with help of this infrastructure. PPP are a new financial tool, which has been used in Europe since eighties.

More...

KEDY JE DAŇOVNÍK POVINNÝ PODAŤ DAŇOVÉ PRIZNANIE NA DAŇ Z PRÍJMOV FO V SR

Author(s): Marina Sedliačiková / Language(s): Slovak Publication Year: 0

Yearly, the end of March is connected with the date, when it is necessary to make returns to the individual income tax and to pay the tax pro the last period of taxation. The paper is focused on the presentation of information that is essential for the declaration of taxes and forthe tax calculation. The presented paper is enriched by the practical demonstration of this problem, namely individual income tax calculation pro the last period of taxation, shown at the example from the business praxis in SR.

More...

DAŇ Z PŘIDANÉ HODNOTY A FINANČNÍ SLUŽBY

Author(s): Jiří Šindelář,Jakub Šindelář / Language(s): Czech Publication Year: 0

Our text focuses on the possible application of Value added tax to financial services and its economic consequences. To be able to apply VAT in this respect, several factors have to be taken into account (disunity of international legislation, problematic determination of tax base etc.). We are describing such issues and subsequently, we are trying to simulate different scenarios that could arise after mentioned VAT implementation.

More...

OBLIGATORY REQUIREMENTS FOR A RATIONAL PUBLIC FINANCE SYSTEM

Author(s): Krystyna Piotrowska-Marczak / Language(s): English Publication Year: 0

The financial system is a key factor enabling states to function. If its configuration is not consistent, social and economic development will not be possible. Public finance has a special place in this configuration that will not be rational unless some obligatory requirements are met.

More...

ÚČETNÍ REFORMA VEŘEJNÝCH FINANCÍ V ČESKÉ REPUBLICE

Author(s): Jana Vodáková / Language(s): Czech Publication Year: 0

This paper deals with the accounting reform of the public finance in the Czech Republic as an integral part of the whole reform process running across the Czech public finance. The paper concentrates on the description of an actual state of the reform process in the Czech Republic and an identification of main problems to be solved actually.

More...

Нова рамка на публичните предприятия в България. Концепция и систематизация

Author(s): Dimitar Elkov / Language(s): Bulgarian Publication Year: 0

The Law on Public Enterprises and its Implementing Regulations, which will enter into force in 2020, create an entirely new regulatory framework in line with international standards for corporate governance of state-owned enterprises. Effective implementation of the new framework requires an understanding of corporate governance concepts, including the nature and main trends that have determined the need and purpose of international standards for the regulation of public enterprises. Next, the correct introduction and adequate observance of the international regulation for corporate governance of public enterprises requires clarification of the key concepts used and comparison with their analogues in the current legislation in Bulgaria.

More...

An Assessment of the Public Financial Indicators with Budget Data in Turkey: Review post- 2000

Author(s): Nur Belkıs Bektaş,Özhan Çetinkaya / Language(s): English Publication Year: 0

There have been changes in public financial indicators in Turkey after the year of 2000. In this paper, these changes were evaluated together with the budget data. In this context, this paper aims to reveal positive or negative effects of budget data on public financial indicators. The 2008 global financial crisis formed the external direction of the negativity in public financial indicators. In particular, before and after 2008, negative developments have been experienced in public financial indicators except for some years. The 2008 global financial economic crisis had also negative impacts on public financial indicators. Moreover, both general and local elections are a negative factor in public spending discipline in Turkey. Since the local elections, the ruling government has chosen extender budget policies as fiscal policies to win the elections. According to the findings of this study, it was determined that Turkey moved away from the Maastricht criteria after 2008, which stemmed from negative developments in budget data.

More...

Pork Barrel Politics in Context of Action Plan - Support of Least Developed Districts

Author(s): Róbert Martin Hudec / Language(s): English Publication Year: 0

The aim of the paper is to find out and describe if and by which means the attributes of Pork barrel politics were present in redistribution of funds from Regional grants, which were part of Action Plan – Support of Least Developed Districts. Secondary aim is to see how receiving of this grant could have helped in reelection of incumbent in next election. An Index of political patronage was assembled to measure the level of pork barreling. Based on party affiliation, mayors with connections to government were not highly favored when receiving grant, not even in the case of affiliation with party, which redistributed the grants. Neither there were no significant differences in the odds of reelection based on whether the incumbent received a grant nor not. That is an unexpected result relative to other research in the field.

More...

The Economic Impacts of Applying the Act on Public Procurement as Seen from the Contractors’ Point of View

Author(s): Miroslav Plevný,Radka Součková / Language(s): English Publication Year: 0

A significant part of the GDP (about 24 billion EUR per year) is allocated through public procurement from public resources in the Czech Republic. There are some changes concerning the obligations of contracting authority as well as contractors after the new act on public procurement came into effect on October 1st 2016. The effort to decrease administrative demandingness is obvious. However, the volume of the contractors’ transaction costs is still quite significant. This article presents some findings regarding the economic impact of that law from the point of view of the contractor, i.e. the tenderer for a public contract. Attention is paid to the calculation of the costs of participation in the procurement procedure that is carried by the contractor and whose return depend on the winning the contract and its realization. The cost of participation in each tender in which the tenderer has failed must be credited to the following contract by the contractor. A sample of 321 public contracts in the Czech Republic dealing with building works has been chosen for the analysis.

More...

Мачмейкингът при възлагане на обществени поръчки – подход за създаване на бизнес партньорства

Author(s): Petya Dimitrova,Kristina Vassileva / Language(s): Bulgarian Publication Year: 0

In recent decades, emphasis has been placed on the development of small and medium-sized enterprises (SMEs) at the level of the European Union (EU). A number of norms in European directives aim to stimulate them. Current European legislation in the field of public procurement also contains provisions for especially the SMEs participation in the procurement process. At the same time, there are limitations to their participation in terms of lack of experience and capacity to enter the market. A solution to this problem is the possibility of building partnerships between SMEs and larger companies. A flexible approach to stimulate this type of partnership is “matchmaking”, which aims to build a network of business contractors capable of implementing public projects in the best possible way.

More...

Държавните финанси при турболентност в икономиката

Author(s): Metodi Hristov / Language(s): Bulgarian Publication Year: 0

Issues related to public finances are highly dependent on the economic situation of each country. Attention to them is growing with turbulence in the economy. This finding is also valid for the countries of the European Union. Such is the situation at the moment when the Faculty of Finance and Accounting of UNWE celebrates its 70th anniversary and organizes this jubilee international conference.The chosen topic of the report also determines its content. The first part deals with issues related to the expenditures of the EU-27 countries, and the second – selected issues from the revenues of these countries. Information from Eurostat and the European Central Bank for the period 2015-2021 is used in compiling its content.

More...

Study on the Operational Features of the ECB’s Pandemic Emergency Purchase Programme (PEPP)

Author(s): Silvia Trifonova / Language(s): English Publication Year: 0

The aim of the paper is analyze the key operational characteristics of the unconventional monetary policy programme – the Pandemic emergency purchase programme (PEPP), implemented by European Central Bank (ECB) in response to the coronavirus crisis. The main effects from the PEPP’s implementation during the period March 2020 – April 2022 are also studied in the paper. The research methodology includes theoretical and methodological analysis, comparative study, inductive and deductive approach, descriptive study, empirical analysis and critical analysis. The paper concludes with summarizing the results from the study.

More...

Фискалната политика по време на външни шокове (има ли нужда от данъчна реформа?)

Author(s): Victor Yotzov / Language(s): Bulgarian Publication Year: 0

The last few years have been marked by various unfavorable events in the economic development of both the world and Bulgaria. The pandemic of early 2020 has caused serious economic damage, but it must be recognized that the global economy was already struggling from the slow recovery from the global financial crisis, the subsequent debt crisis, as well as the accumulated problems of huge liquidity and negative real interest rates. In these conditions, monetary instruments (in the countries that can use them, and Bulgaria is not among them) lose their significance, which transfers the responsibility for the economic policy exclusively to fiscal policy. The purpose of this study is to analyze the changes (if any) in the fiscal policy implemented in Bulgaria over the last decade in the context of the question – is there a need for tax reform.

More...

Влияние на пандемията от COVID-19 върху световната икономика и мерки на Международния валутен фонд в отговор на кризата, породена от пандемията от COVID-19

Author(s): Aglika Kaneva / Language(s): Bulgarian Publication Year: 0

In this paper, the impact of the COVID-19 pandemic on the global economy and the International Monetary Fund’s response to the pandemic crisis have been examined. The economic impact of the crisis and the actions taken by countries and at the international level have been presented. The measures taken by the International Monetary Fund to limit the negative impact of the COVID-19 pandemic on the world economy have been analyzed.

More...

The Distribution Phase and the Short-Term Risks for the Universal Pension Funds in Bulgaria

Author(s): Jeko Milev / Language(s): English Publication Year: 0

The newly adopted legislation that regulates the pay-out phase for the universal pension funds in Bulgaria and the continuously rising minimum amount of the pension benefit due by the first pillar of the system started to distort the incentives for the insured individuals in a surprising way. Those with small amount of savings are more interested to stay within their pension fund than those who were able to accumulate bigger amount during the accumulation period. The current research is trying to put some light on this strange situation. The first part of the paper describes some specific moments from the new regulation that concern the distribution phase and the second part provides some estimates about individuals from different income groups and the probability of choosing to stay in their pension fund and not to transfer their savings into the first pillar of the system. The paper concludes with some recommendations about future reforms that could strengthen the pension system in the country.

More...

Evaluating the Implementation Level of Management and Control Principles of the Public Finances

Author(s): Petr Musil,Jana Boulaouad,Pavel Vyleťal / Language(s): English Publication Year: 0

The article deals with evaluating the level of application of management and control principles of public finances in selected public administration entities. Standards for this evaluation, valid principles of management and control of public finances and the rules for their application have been established between 2000 and 2001. They are applicable in activities during the acquisition and operation of property. The article focuses on the current status and monitoring 3E concept – effectiveness, economy and efficiency and the use of the term accuracy. These should be part of common public administration management during their decision-making procedures. The management of public administration entities uses internal regulations for their internal activities, which determine the procedures and methods for ensuring the management and controlling public finances. The article's results of principles application in the management and control of public finances in selected public administration entities can subsequently be the basis for changing the internal standards in order to improve these activities of management not only for the analysed public administration entities.

More...

A SAMPLE OF MENTALITY IN TAX RETRAINING

Author(s): Septimiu Ioan Puţ / Language(s): English Publication Year: 0

he requalification of the transactions or operations covered by the fiscal inspection must be done with the careful observation of the positive tax and non-tax legislation. Exceeding the common or special normative limits places the fiscal requalification and the administrative act generated by it in the annulable area of “anti- abuse”. At the same time, the fiscal body must pay more attention to the fiscal fact from which it starts and to which the whole mechanism of recalibration of fiscal obligations returns, but also to the relationship between the subjective element and its transposition in an objective plan. The solution of reconsidering the fiscal reality must be motivated and substantiated in order to ensure a subsequent judicial control.

More...

Customs Performance Measurement – the Evidence from North Macedonia

Author(s): Danijela Miloshoska / Language(s): English Publication Year: 0

Improving the effectiveness and efficiency of each customs administration largely depends on understanding the complexity of customs performance measurement. There are two basic reasons. Firstly, different customs administrations have different priorities: some are focused on law enforcement and the protection of society, others are focused on fair and effective revenue collection, and others are focused on trade facilitation and security. Secondly, it is recognized that developing key performance indicators (KPIs), or metrics, is very challenging and there is no “one- solution- fits- all” for the KPIs. This study attempts to offer an analysis of performance measurement in customs and to present a list of essential KPIs for Macedonian customs. The study revealed a series of difficulties with calculating the indicators as a result of the absence of sufficient data. The study provides general recommendations that should serve as a basis for the development of a more practical model for measuring the performance of Macedonian customs.

More...

Finanse publiczne w świetle ekonomii instytucjonalnej

Author(s): Stanisław Owsiak / Language(s): Polish Publication Year: 0

The aim of the chapter is to examine the extent to which the institutional economics method can be useful for analysing phenomena and processes in the area of public finances. Based on a critical analysis of the literature, the work takes into account the achievements of institutional economics. Key concepts of institutional economics were selected for consideration, such as: contract, social contract, transaction costs, trust, allocative efficiency. It was examined to what extent these tools can be helpful in explaining phenomena and processes in public finances. The mission of the chapter is also to encourage economists dealing with institutional economics to take broader account of the theory and public finances in their research. Based on the analysis of selected categories of institutional economics, in the final part of the work, an attempt was made to assess public finances in Poland.

More...