Suchergebnisse

Purpose – The purpose of the speech is to present the results of empirical verification of the occurrence of the political cycle in the property expenditures of cities with county rights. The timeliness of the topic and research objective undertaken is current challenges for local finance management under conditions of uncertainty, the results of national and international research to date, as well as the risks associated with various types of risk, including political risk. Research method – The realization of the objective will be based on the presentation of the most important issues of the subject literature and quantitative methods. For quantitative research, panel data analysis was used. In order to detect the existence of signs of the existence of a political cycle, a trend model of property expenditures with fixed effects was estimated (it was assumed a priori that units differ from each other). The source of the data is the budget reports published by the Ministry of Finance on the website of the Public Information Bulletin. Results – The results show that there is a political budget cycle in investment expenditures, which is strongly determined by the timing of local elections. Observations confirm that investment expenditures are strongly determined by the timing of local elections. The survey also showed an autocorrelation of property expenditures, which may indicate that the investments implemented by cities may be multi-year in nature. Originality / value / implications / recommendations – The conducted analysis may be a stimulus for further research related to the effects of the political cycle and an attempt to identify the remaining political risk factors.

Purpose – The main objective of the study is to evaluate green expenditure under the budgets of local government units (LGU). The proposal is dictated by the difficulty, noticed by the authors, in measuring and assessing the expenditure incurred by local government units, which are to contribute to the development of the green budget concept. Research method – The implementation of the main goal will be based on the analysis of the literature on the topic in national and foreign terms. Statistical methods (including descriptive statistics and structure analysis) were used for quantitative research. The source of the data are the budget reports of local government units published by the Ministry of Finance. Results – As part of the study, the obtained results allow for the analysis of the amount of green expenses implemented, as well as the share of green expenses in property expenses. The highest total values of estimated green expenditure realized by all types of local government units were observed in 2018–2019, in which PLN 10.5 billion (2018) and PLN 10.6 billion (2019) were spent, respectively. The average share of green expenditure in property expenditure in local government units in 2010–2021 was 28.2%. Originality/value/implications/recommendations – The conducted analysis may be a stimulus for further research on the basis of which a synthetic indicator of green spending could be developed. This measure may allow an objective comparison of outlays incurred by local government units in the areas covered by the European taxonomy in the future.