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IMPLEMENTATION OF THE INTERTEMPORAL BUDGET CONSTRAINTS - THE CASE OF SUSTAINABILITY OF THE PUBLIC DEBT OF THE CITY OF ZAGREB

Davor Bernardić
Boris Vujčić


Puni tekst: hrvatski pdf 316 Kb

str. 558-578

preuzimanja: 589

citiraj


Sažetak

The purpose of this paper is to evaluate the mid-term sustainability of City of Zagreb’s public debt and determine the budget capacity for financing of development projects. The results of sustainability analysis, based on the framework of intertemporal budget constraint, shows that City of Zagreb’s public debt will probably increase in the future. Such expected developments suggest that there is a need for an improvement in the budget planning process with the main goal of achievement of balanced budget or primary surplus which was recognized as the main determinant of public debt stabilization, which is directly in the domain of the policy makers’ activities.

Ključne riječi

local budget; public debt sustainability; City of Zagreb

Hrčak ID:

150390

URI

https://hrcak.srce.hr/150390

Datum izdavanja:

29.12.2015.

Podaci na drugim jezicima: hrvatski

Posjeta: 1.787 *