Fiscal Imbalances: How Should Public Finance React?
Fiscal Imbalances: How Should Public Finance React?

Author(s): Juraj Nemec, Markéta Šumpíková, Stanislav Klazar, Beáta Mikušová Meričková, Matúš GREGA
Subject(s): National Economy, Public Finances, Fiscal Politics / Budgeting
Published by: Masarykova univerzita nakladatelství
Keywords: crisis; public finance; efficiency; effectiveness; public procurement;
Summary/Abstract: After 2008, one of the main issue in EU countries became growing deficit of public finances. This paper argues, that the most feasible way how to improve growing fiscal imbalances in Czech Republic and Slovakia is to focused on efficiency improvements, especially in contracting of public services and public procurement. Our ten year long research in contracting of public services shows, that low level of competition, lack of motivation and poor contract management skills are the main issues.

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