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Pregled bibliografske jedinice broj: 1066657

Economic and Financial Crisis and Local Government Units' Budgets in Croatia


Mihaela Bronić
Economic and Financial Crisis and Local Government Units' Budgets in Croatia // 9th International Scientific Symposium „Region, Entrepreneurship, Development” / Leko Šimić, Mirna ; Crnković, Boris (ur.).
Osijek: Josip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek, Croatia, 2020. str. 116-130 (poster, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)


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Naslov
Economic and Financial Crisis and Local Government Units' Budgets in Croatia

Autori
Mihaela Bronić

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
9th International Scientific Symposium „Region, Entrepreneurship, Development” / Leko Šimić, Mirna ; Crnković, Boris - Osijek : Josip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek, Croatia, 2020, 116-130

Skup
9th International Scientific Symposium „Region, Entrepreneurship, Development”

Mjesto i datum
Osijek, Hrvatska, 04.-05.06.2020

Vrsta sudjelovanja
Poster

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
local government units’ budgets, economic and financial crisis, budget transparency, Croatia

Sažetak
The European Commission (2020) has stated that there is a challenging road ahead, arguing that a new economic crisis might be coming. This article, then, analyses what happened during the 2008-2009 economic and financial crisis with aggregate local government units’ (LGUs) budgets in Croatia so that lessons for eventual possible future crisis might be drawn. The goal is to analyse officially available Ministry of Finance data for all 576 LGUs (20 counites, 428 municipalities and 128 cities) in order to assess the impact of the 2008-2009 crisis on the level and composition of aggregate LGUs' revenues, expenditures, deficit/surplus and debt. The analysis of the 2002-2018 period shows that the crisis had most visible impact in the period 2009-2012 and that as a consequence of the crisis LGUs typically reacted procyclically to their reduced revenues (by cutting expenditures, especially capital expenditures, and controlling deficits and debts). In the event of any future crisis, national government could decide to help LGUs by underpinning economic growth and employment or to control the size of the local government sector. However, Ministry of Finance should first improve local budget transparency by publishing the appropriate data relating to LGUs' finances (their budgets and balances sheets). This article proves that local budget transparency is crucial, as only transparent budgets can be properly analysed and easily monitored, enabling government and citizens to meaningfully participate in improving the efficiency and effectiveness of public policies.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
IP-2019-04-8360 - Isplati li se transparentnost? Politički i socioekonomski učinci transparentnosti proračuna lokalnih jedinica u Hrvatskoj (IMPACTBT) (Bronić, Mihaela, HRZZ - 2019-04) ( POIROT)

Ustanove:
Institut za javne financije, Zagreb

Profili:

Avatar Url Mihaela Bronić (autor)

Citiraj ovu publikaciju

Mihaela Bronić
Economic and Financial Crisis and Local Government Units' Budgets in Croatia // 9th International Scientific Symposium „Region, Entrepreneurship, Development” / Leko Šimić, Mirna ; Crnković, Boris (ur.).
Osijek: Josip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek, Croatia, 2020. str. 116-130 (poster, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
Mihaela Bronić (2020) Economic and Financial Crisis and Local Government Units' Budgets in Croatia. U: Leko Šimić, M. & Crnković, B. (ur.)9th International Scientific Symposium „Region, Entrepreneurship, Development”.
@article{article, year = {2020}, pages = {116-130}, keywords = {local government units’ budgets, economic and financial crisis, budget transparency, Croatia}, title = {Economic and Financial Crisis and Local Government Units' Budgets in Croatia}, keyword = {local government units’ budgets, economic and financial crisis, budget transparency, Croatia}, publisher = {Josip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek, Croatia}, publisherplace = {Osijek, Hrvatska} }




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