FINANCIAL SITUATION OF CITIES IN THE LODZ VOIVODESHIP IN THE ERA OF THE COVID-19 PANDEMIC – TRENDS OF CHANGE AND IMPACT ON INDEBTEDNESS
FINANCIAL SITUATION OF CITIES IN THE LODZ VOIVODESHIP IN THE ERA OF THE COVID-19 PANDEMIC – TRENDS OF CHANGE AND IMPACT ON INDEBTEDNESS

Summary/Abstract: Purpose – The aim of this article is to identify and assess the change in the structureand direction of spending of the financial resources of the cities of Lodz Voivodeship inconnection with the measures taken during the COVID-19 pandemic and their impacton the level of debt.Research method – The study uses data obtained from two sources: a questionnaireinterview conducted in the target group of towns in Lodz voivodeship and the repositoryof the Local Data Bank CSO.Results – The research shows that the different cities have different profiles of theactivities undertaken during the COVID-19 pandemic and how they were financed.The majority of cities financed these activities through targeted grants or from their ownbudget reserves, which implied no reduction in expenditure. A smaller number of citiesfinanced these activities from other sources, which had the effect of reducing currentand investment expenditure. Cities’ debt was increasing, but not as a direct result of thepandemic.Originality   / value   / implications   / recommendations – On the basis of the data obtained,the authors distinguished three different profiles of actions taken to prevent the negativeeffects of the COVID-19 pandemic and ways of financing the resulting expenditure for cities in the Lodz Voivodeship. The need for further analysis in the context of new chal‑lenges: migration crisis, climate crisis, energy crisis was indicated.

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