UTICAJ PANDEMIJE VIRUSA KORONA NA FINANSIJSKU RANJIVOST LOKALNIH ZAJEDNICA U REPUBLICI SRPSKOJ
THE IMPACT OF CORONAVIRUS ON THE FINANCIAL VULNERABILITY OF LOCAL GOVERNMENTS IN THE REPUBLIC OF SRPSKA

Author(s): Jelena Poljašević, Miloš Jokić
Subject(s): Economy, National Economy, Governance, Health and medicine and law, Financial Markets, Public Finances, Accounting - Business Administration
Published by: Finrar d.o.o Banja Luka
Keywords: financial vulnerability; local governments; corona virus;
Summary/Abstract: The crisis caused by the corona virus caused a drop in revenues with a simultaneous increase in public expenditures in the budgets of both central and local levels of government. Research on the impact of crises on financial vulnerability, ie the resilience of local units is particularly important given that the services provided by these communities, and the creation of a local business environment, have a decisive impact on the quality of life of residents. Analyzing the financial indicators of municipalities and cities in Republika Srpska in the period before and immediately after the outbreak of the pandemic, it was noticed that neither institutional factors, which are reflected in the influence of central government on local or territorial,decisively influenced the response of local communities to the crisis. The prominent vulnerability,ie poor financial indicators, was primarily influenced by internal factors, ie inadequate and untimely planning, ignoring the new situation, and unwillingness to adapt to changes.

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