FINANCIAL STABILITY OF RURAL MUNICIPALITIES IN POLAND’S LUBLIN VOIVODESHIP IN 2016-2020
The stability of public services and the financial situation of local governments has a significant impact on a nation’s economic development. It also affects the long-standing process of political reforms aimed at promoting the efficiency of public sector units, their balanced budgets and financial...
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| Format: | Article |
| Language: | English |
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Wydawnictwo SGGW - Warsaw University of Life Sciences Press
2022-06-01
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| Series: | Polityki Europejskie, Finanse i Marketing |
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| Online Access: | https://pefim.sggw.edu.pl/article/view/3168 |
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| author | Agnieszka Gałecka Marzena Ganc |
| author_facet | Agnieszka Gałecka Marzena Ganc |
| author_sort | Agnieszka Gałecka |
| collection | DOAJ |
| description | The stability of public services and the financial situation of local governments has a significant impact on a nation’s economic development. It also affects the long-standing process of political reforms aimed at promoting the efficiency of public sector units, their balanced budgets and financial stability. It is a concept defined in different ways, which is due, among other things, to its multifaceted nature and the lack of precisely defined measures to assess this phenomenon. The main objective of the paper was to assess the financial stability of rural municipalities in Poland’s Lublin voivodeship in 2016-2020. Within the framework of the main objective, ratio analysis and survey research was conducted. The paper was based on the study of literature on the subject, reports on the implementation of budgets in the studied municipalities published by the Regional Chamber of Accounts in Lublin, and a survey questionnaire. Based on the analyses, it was found that the studied municipalities in 2016-2020 recorded sustainability in terms of fiscal policy, and a stable level of financial liquidity and debt, albeit with a relatively low level of revenue independence. The crisis in 2020 caused by the Covid-19 pandemic caused a significant increase in the current expenditures of local government units compared to revenues, which were less than planned, although it did not significantly worsen the financial performance of the surveyed municipalities. In the opinion of the respondents (heads of rural municipalities), the vast majority of rural municipalities in the Lublin voivodeship were financially stable and the Covid-19 pandemic generally did not have a significant impact on their levels of stability. |
| format | Article |
| id | doaj-art-5d6d8e9541994fec948e23c8ee25ee99 |
| institution | Kabale University |
| issn | 2081-3430 2544-0640 |
| language | English |
| publishDate | 2022-06-01 |
| publisher | Wydawnictwo SGGW - Warsaw University of Life Sciences Press |
| record_format | Article |
| series | Polityki Europejskie, Finanse i Marketing |
| spelling | doaj-art-5d6d8e9541994fec948e23c8ee25ee992025-02-03T00:35:17ZengWydawnictwo SGGW - Warsaw University of Life Sciences PressPolityki Europejskie, Finanse i Marketing2081-34302544-06402022-06-0127(76)FINANCIAL STABILITY OF RURAL MUNICIPALITIES IN POLAND’S LUBLIN VOIVODESHIP IN 2016-2020Agnieszka Gałecka0Marzena Ganc1Bialska Academy of Applied Sciences, John Paul IIWarszaw University of Life SciencesThe stability of public services and the financial situation of local governments has a significant impact on a nation’s economic development. It also affects the long-standing process of political reforms aimed at promoting the efficiency of public sector units, their balanced budgets and financial stability. It is a concept defined in different ways, which is due, among other things, to its multifaceted nature and the lack of precisely defined measures to assess this phenomenon. The main objective of the paper was to assess the financial stability of rural municipalities in Poland’s Lublin voivodeship in 2016-2020. Within the framework of the main objective, ratio analysis and survey research was conducted. The paper was based on the study of literature on the subject, reports on the implementation of budgets in the studied municipalities published by the Regional Chamber of Accounts in Lublin, and a survey questionnaire. Based on the analyses, it was found that the studied municipalities in 2016-2020 recorded sustainability in terms of fiscal policy, and a stable level of financial liquidity and debt, albeit with a relatively low level of revenue independence. The crisis in 2020 caused by the Covid-19 pandemic caused a significant increase in the current expenditures of local government units compared to revenues, which were less than planned, although it did not significantly worsen the financial performance of the surveyed municipalities. In the opinion of the respondents (heads of rural municipalities), the vast majority of rural municipalities in the Lublin voivodeship were financially stable and the Covid-19 pandemic generally did not have a significant impact on their levels of stability.https://pefim.sggw.edu.pl/article/view/3168financial stabilityrural municipalitiesratio analysisfinancial liquidity |
| spellingShingle | Agnieszka Gałecka Marzena Ganc FINANCIAL STABILITY OF RURAL MUNICIPALITIES IN POLAND’S LUBLIN VOIVODESHIP IN 2016-2020 Polityki Europejskie, Finanse i Marketing financial stability rural municipalities ratio analysis financial liquidity |
| title | FINANCIAL STABILITY OF RURAL MUNICIPALITIES IN POLAND’S LUBLIN VOIVODESHIP IN 2016-2020 |
| title_full | FINANCIAL STABILITY OF RURAL MUNICIPALITIES IN POLAND’S LUBLIN VOIVODESHIP IN 2016-2020 |
| title_fullStr | FINANCIAL STABILITY OF RURAL MUNICIPALITIES IN POLAND’S LUBLIN VOIVODESHIP IN 2016-2020 |
| title_full_unstemmed | FINANCIAL STABILITY OF RURAL MUNICIPALITIES IN POLAND’S LUBLIN VOIVODESHIP IN 2016-2020 |
| title_short | FINANCIAL STABILITY OF RURAL MUNICIPALITIES IN POLAND’S LUBLIN VOIVODESHIP IN 2016-2020 |
| title_sort | financial stability of rural municipalities in poland s lublin voivodeship in 2016 2020 |
| topic | financial stability rural municipalities ratio analysis financial liquidity |
| url | https://pefim.sggw.edu.pl/article/view/3168 |
| work_keys_str_mv | AT agnieszkagałecka financialstabilityofruralmunicipalitiesinpolandslublinvoivodeshipin20162020 AT marzenaganc financialstabilityofruralmunicipalitiesinpolandslublinvoivodeshipin20162020 |