Fiscal imbalances: How Should Public Finance React?

NEMEC, Juraj, Markéta ŠUMPÍKOVÁ, Stanislav KLAZAR, Beáta MIKUŠOVÁ MERIČKOVÁ and Matúš GREGA. Fiscal imbalances: How Should Public Finance React?. Online. In Oleg Deev, Veronika Kajurová, Jan Krajíček. European Financial Systems 2014. Proceedings of the 11th Internat ional Scientific Conferenc. 1st ed. Brno: Masarykova Univerzita, 2014, p. 425-432. ISBN 978-80-210-7153-7.

Basic information

• Original name: Fiscal imbalances: How Should Public Finance React?
• Authors: NEMEC, Juraj (703 Slovakia, guarantor, belonging to the institution), Markéta ŠUMPÍKOVÁ (203 Czech Republic), Stanislav KLAZAR (203 Czech Republic), Beáta MIKUŠOVÁ MERIČKOVÁ (703 Slovakia) and Matúš GREGA (703 Slovakia).
• Edition: 1. vyd. Brno, European Financial Systems 2014. Proceedings of the 11th Internat ional Scientific Conferenc, p. 425-432, 8 pp. 2014.
• Publisher: Masarykova Univerzita

Other information

• Original language: English
• Type of outcome: Proceedings paper
• Field of Study: 50600 5.6 Political science
• Country of publisher: Czech Republic
• Confidentiality degree: is not subject to a state or trade secret
• Publication form: electronic version available online
• RIV identification code: RIV/00216224:14560/14:00074047
• Organization unit: Faculty of Economics and Administration
• ISBN: 978-80-210-7153-7
• UT WoS: 000350701500057
• Keywords in English: crisis; public finance; efficiency; effectiveness; public procurement
• Tags: International impact, Reviewed

Abstract

After 2008, one of the main issue in EU countries became growing deficit of public finances. This paper argues, that th e most feasible way how to improve growing fiscal imbalances in Czech Republic and Slovakia is to focused on efficiency improvements, especially in contracting of pu blic services and public procurement. Our ten year long research in contracting of public services shows, that low level of competition, lack of motivation and poor cont ract management skills are the main issues. In public procurement, active and passive co rruption can be the source of inefficiency. According to our estimates, up to 5% of GDP is wasted because of allocative and technical inefficiencies in ou r public sector. Improvement solutions are briefly described in conclusions of this paper, but the core problem can be lack of political will and of implementation capacity.

Links

• GAP403/12/0366, research and development project: Name: Identifikace a evaluace regionálně specifických faktorů úspěšnosti reforem v duchu NPM ? země CEE