Provisional Budgets and Budget Accuracy in Czech Towns
Provisional Budgets and Budget Accuracy in Czech Towns

Author(s): Lucie SEDMIHRADSKÁ
Subject(s): Public Administration, Economic policy, Fiscal Politics / Budgeting
Published by: Masarykova univerzita nakladatelství
Keywords: budget accuracy; provisional budget; local government; rebudgeting;
Summary/Abstract: The purpose of the paper is to explore the frequency of the provisional budgets and the influence of the time of budget approval on budget accuracy in Czech towns with more than ten thousand inhabitants between 2010 and 2014. The difference of means test [t-test) is used for the analysis. Provisional budgets are quite common in Czech towns, on average 28% towns used provisional budget between 2010 and 2015. Its usage is higher in the postelection years, especially 2011. The time of budget approval does not influence the accuracy of any type of budget revenues, however it has, with exception of 2012, positive impact of the accuracy of current expenditure. Its accuracy is higher in towns which approved their budgets later, i.e. in the course of the current fiscal year.

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