Refinansowanie długu lokalnego w Polsce
Refinancing local debt in Poland
Author(s): Daniel BudzeńSubject(s): Economy, Public Finances
Published by: Kancelaria Sejmu
Keywords: refinancing risk of local debt; debt of local government units; public debt
Summary/Abstract: The article explores the significance of local debt refinancing risk and ways to prevent its occurrence. For this purpose, the author introduces the concept of ratio of average debt maturity of a local government unit. The author presents the test results of the refinancing risk of the local debt in Poland in 2011–2015. Definition of local debt is also discussed, as well as a review of objectives and risks associated with the management of public debt.
Journal: Studia BAS
- Issue Year: 2016
- Issue No: 3
- Page Range: 197-219
- Page Count: 23
- Language: Polish