scholarly journals Debt Management Strategies of Local Governments in the EU

2020 ◽  
Vol 8 (1) ◽  
pp. 146-169
Author(s):  
László Vértesy
Keyword(s):  
Local Government ◽  
Local Governments ◽  
Management Strategies ◽  
National Level ◽  
State Intervention ◽  
Debt Management ◽  
Paper Briefly ◽  
General Government ◽  
Multi Level ◽  
The Eu

A considerable part of public debt originates from the budgetary practices of local governments: this amounted to nearly 850 billion euros, which was 6.7% of the EU-28’s general government gross debt in 2018. This paper briefly presents the magnitude and relevance of local government debt at a national level, then it outlines the effective debt management strategies taking a multi-level governance approach. Four debt management categories can be classified: changing the conditions, repayment strategies, additional resources and, finally, state intervention. Unfortunately, there are no good/best practices for the first two methods. For additional resources, in some Mediterranean and Scandinavian countries, state or local government-owned specialised financial institutions were established, while in other European countries, the state pays the bailout or consolidation by overtaking the unsustainable local debts. In most cases, only the direct and/or indirect state intervention methods were proven to be successful solutions.

Entrepreneurship Management at the Local Government Level: The Experience of the Cities for Entrepreneurs Program

2018 ◽  
Vol 9 (5) ◽  
pp. 388-407
Author(s):  
Patricio Gigli ◽  
◽  
Donatela Orsi ◽  
Marisel Martín Aramburú ◽  
◽  
...  
Keyword(s):  
Human Capital ◽  
Local Government ◽  
Local Governments ◽  
Structural Characteristics ◽  
National Level ◽  
Development Issue ◽  
Starting Point ◽  
Local Government Level ◽  
Micro Level ◽  
Government Level

This paper aims at describing the experience of the Cities for Entrepreneurs Program (Ciudades para Emprender or CPE) of the National Directorate of Community and Human Capital (which belongs to the SEPYME), National Ministry of Production. This paper starts from the premise that entrepreneurship takes place at the most micro level of the offer and, therefore, is a concept associated with the characteristics of the environment closest to that offer: the local territory. However, there is little history in the country of public policies relating the issue of entrepreneurship with the local management. That is why we take as a starting point the conceptualization of the chosen framework: local governments and the development issue, seen from the perspective of entrepreneurships. Moreover, an overview is given on the structural characteristics of municipalities in Argentina. In addition, some international experiences and attempts to promote entrepreneurship at a national level are analyzed. Finally, the Cities for Entrepreneurs Program (CPE) is outlined, based on a summary of the diagnoses of the Entrepreneurial Ecosystems of the selected cities and the tools used and their execution status at the time of publication of this paper.

Conditions and prospects for cooperation between Polish and Ukrainian local governments

2021 ◽  
Vol 19 (4) ◽  
pp. 221-241
Author(s):  
Mariusz W. Sienkiewicz
Keyword(s):  
Local Government ◽  
Local Governments ◽  
Economic Life ◽  
The European Union ◽  
Public Authorities ◽  
The Public ◽  
Political Transformations ◽  
The Social ◽  
Common Goals ◽  
The Eu

The fact that Poland and Ukraine share a border, the convergence of the political goals of the peoples of both countries, and the constant efforts towards the development of democracy and decentralisation of public life determine the need to intensify cooperation in various areas of the functioning of society and the economy. An important sphere of cooperation is the public sector, in particular at the level of local government. The local government cooperation of both countries was already visible at the beginning of the social and political transformations after 1990. The development of this cooperation, with varying results, took place in the 1990s and, to an even greater extent, after Poland’s accession to the European Union. In the last three decades, local and regional communities in Ukraine have become an important partner for Polish local governments, both at the local and regional levels. The local government cooperation that has been implemented is based on the diversification and multidimensionality of forms and models. Some result from legal regulations, while others are based on mutual experiences, previous contacts, and sympathies of public authorities. The aim of the study is to analyse and present the conditions and forms of Polish-Ukrainian local government cooperation. The aim is also to show the barriers to cooperation and to define proposed solutions to improve partner contacts of territorial units. The local government cooperation of the two countries is undoubtedly hindered by the fact that Ukraine is not a member of the EU, and often by mutual misunderstanding and non-acceptance of historical experiences. On the other hand, common goals at different levels of social, public, and economic life are a significant factor motivating parties to increase cooperation and achieve a synergistic effect thanks to it.

Local Multiparty Democracy in Africa

2021 ◽  
pp. 92-116
Author(s):  
Nico Steytler
Keyword(s):  
Local Government ◽  
Local Governments ◽  
National Level ◽  
Ethnically Diverse ◽  
Local Democracy ◽  
African Countries ◽  
The People ◽  
National Leaders ◽  
The Government ◽  
Winner Takes All

This chapter argues that democratic local government embeds the culture of democracy at grassroots: as the government closest to the people, it establishes a culture of responsiveness, transparency, and accountability more readily and effectively than by holding national leaders to account. Local democracy can also be used strategically when a country seeks to move from an authoritarian or military regime to democracy. Furthermore, it provides space for political inclusivity—an argument with particular relevance in ethnically diverse societies, where a winner-takes-all paradigm of competition at the national level typically results in the marginalization of geographically concentrated losers. Finally, local government allows for experimentation in different forms of inclusive politics, be they representative or participatory. However, although most African countries have adopted decentralization policies, the dividends are meagre. Local government is but feebly equipped to play a democracy-constituting role: operating in a constrained constitutional environment, central governments have generally not allowed local governments the opportunity to hold regular free and fair elections and thereby play a role in democratization. Despite these findings, there is also some evidence that on occasion local democracy has indeed played such a role and thus enhanced democratic participation.

Understanding the forces and critical features of a new reporting and budgeting system adoption by Indonesian local government

2020 ◽  
Vol 16 (1) ◽  
pp. 145-167
Author(s):  
Harun Harun ◽  
David Carter ◽  
Abu Taher Mollik ◽  
Yi An
Keyword(s):  
Local Government ◽  
Local Governments ◽  
Central Government ◽  
Dominant Role ◽  
New Technology ◽  
National Level ◽  
Accounting System ◽  
Local Authorities ◽  
Content Type ◽  
Policymaking And Implementation

Purpose This paper aims to critically explore the forces and critical features relating to the adoption of a new reporting and budgeting system (RBS) in Indonesian local governments. Design/methodology/approach The study is based on an intensive analysis of document sources and interview scripts around the institutionalization of RBS by the Indonesian government and uses the adaption of Dillard et al. (2004) institutional model in informing its findings. Findings The authors find that at the national level, the key drivers in RBS adoption were a combination of exogenous economic and coercive pressures and the wish to mimic accounting reforms in developed nations. At the local government level, the internalization of RBS is a response to a legal obligation imposed by the central government. Despite the RBS adoption has strengthened the transparency of local authorities reports – it limits the roles of other members of citizens in determining how local government budgets are allocated. Research limitations/implications The results of the study should be understood in the historical and institutional contexts of organizations observed. Practical implications The authors reinforce the notion that accounting as a business language dominates narratives and conversations surrounding the nature of government reporting and budgeting systems and how resource allocation is formulated and practiced. This should remind policymakers in other developing nations that any implementation of a new accounting technology should consider institutional capacities of public sector organizations and how the new technology benefits the public. Social implications The authors argue that the dominant role of international financial authorities in the policymaking and implementation of RBS challenges the aim of autonomy policies, which grant greater roles for local authorities and citizens in determining the nature of the budgets and operation of local authorities. Originality/value This study extends institutional theory by adapting the Dillard et al. (2004) model in explaining the forces, actors and critical features of a new accounting system adoption by local governments.

Challenges of the Implementation of the European Charter of Local Self-Government in Romania’s Legislation

2018 ◽  
Vol 16 (4) ◽  
pp. 873-893 ◽  
Author(s):  
Tudor Cristian Ticlau ◽  
Bogdan Andrei Moldovan ◽  
Cristina Maria Hintea
Keyword(s):  
Local Government ◽  
Local Governments ◽  
Local Governance ◽  
East European ◽  
Significant Power ◽  
Financial Autonomy ◽  
Current Article ◽  
State Of Affairs ◽  
European Family ◽  
The Eu

The European Charter on Local Self-government is a defining document for local governments across the EU and was a guideline for developing a framework of local governance based on local autonomy, decentralization that is close to the citizens. It was especially important for Central and East European Countries as they faced the challenges of a total overhaul of their administrative systems after the fall of the communist regimes. Romania fits into this picture as a late comer to the European family, with an administrative system that transitioned slowly from a hyper centralized arrangement to one that offers significant power to local governments. After 20 years since the ratification of the Charter, local government in Romania displays mixed elements, between progressive (protection of local authorities) and conservative (consultation of authorities, financial autonomy) in relation to the charter recommendations. The current article is an analysis on the state of affairs concerning local governance in Romania using the Charter as the main theoretical framework.

A Multi-Level Governance Approach to Residence Rights of Migrants and Irregular Residence in the EU

2018 ◽  
Vol 20 (2) ◽  
pp. 182-204
Author(s):  
Kevin Fredy Hinterberger
Keyword(s):  
Decision Making ◽  
Member State ◽  
National Level ◽  
Legal Literature ◽  
Legal Situation ◽  
Multi Level ◽  
Different Levels ◽  
Legislative Decision ◽  
The Eu ◽  
Do So

Abstract This contribution analyses residence rights of migrants and irregular residence from a conceptual viewpoint. In the pertinent legal literature, it is argued that every Member State still decides autonomously if the residence of a migrant is permitted; in other words, if he or she is found to be irregular. I question this view, since it ignores the multi-layered character of decision-making in the EU. To do so, I differentiate between migrants who have privileged residence rights (e.g. Union citizens) and those who have not. In depicting the legal situation of migrants with privileged residence rights, I am able to identify three different levels among which the legislative decision-making power in the EU is distributed (international, EU and national level). Consequently, I challenge the ‘statist assumption’ in showing that legislative decisions with regard to residence rights of migrants have been partly taken out of the exclusive domain of Member States in the EU.

Stress Tests as a Tool to Assess the Risk of Public Expenditure on Debt Servicing Increasing at Local Government Entities

2019 ◽  
Vol 17 (2) ◽  
pp. 205-224
Author(s):  
Marta Postuła ◽  
Miroslaw Czekaj ◽  
Jaroslaw Klepacki
Keyword(s):  
Local Government ◽  
Interest Rates ◽  
Local Governments ◽  
Public Expenditure ◽  
Stress Test ◽  
Stress Tests ◽  
Government Sector ◽  
Development Expenditure ◽  
Low Levels ◽  
The Eu

National and local government's public debt is of special interest to economic sciences. With interest rates in the EU countries now at historically low levels, there is risk of a trend change causing development expenditure to be crowded out from budgets in favour of debt servicing costs. The analysis (stress test) of the sensitivity of debt servicing costs in the local government sector in Poland to an unexpected growth of market interest rates above the values forecasted by the MoF confirms that local governments are exposed to interest rate growth risk, and consequently to the risk of their budgets incurring unplanned expenditure.

scholarly journals Implementasi Transaksi Non-Tunai Sebagai Dasar Tata Kelola Pemerintah Yang Baik: Studi Kasus pada Pemerintah Kabupaten Jombang

Akuntabilitas ◽  
2019 ◽  
Vol 12 (2) ◽  
pp. 227-236
Author(s):  
Suluh Hendrawan ◽  
Nur Anisah ◽  
Lina Nasihatun Nafidah
Keyword(s):  
Local Government ◽  
Human Resources ◽  
Leadership Style ◽  
Public Interest ◽  
Local Governments ◽  
Good Governance ◽  
Management Strategies ◽  
The Public ◽  
Qualitative Case Studies ◽  
Depth Interviews

The implementation of non-cash transactions in local governments is the government's step in the struggle for the public interest. This study discusses how to implement non-cash transactions in local government in an effort to realize good governance. With qualitative case studies obtained, the data in this study were collected by in-depth interviews. The results of this study prove that accountability, approval and administrative order have been successfully completed in the implementation of non-cash transactions. However, the efficiency of the use of the budget has not been able to optimize. Besides that, at the level of strategy, the system and structure are already running well. Factors of ability, human resources and leadership style that need to be considered in order to be successful in supporting good governance management strategies.

Does the size of local government debt affect the level of debt of off-budget entities? The case of local government in Korea

2018 ◽  
Vol 86 (2) ◽  
pp. 333-348
Author(s):  
Seong-ho Jeong
Keyword(s):  
Local Government ◽  
Local Governments ◽  
Government Debt ◽  
Debt Management ◽  
Public Enterprise ◽  
Accounting System ◽  
Public Enterprises ◽  
Debt Level ◽  
Panel Regressions ◽  
Metropolitan Cities

The rapid growth of debt of off-budget entities is the result of budgetary constraints. When local governments face fiscal stress, with rising debt, they tend to rely on local public enterprise debt to minimize debt limits and budgetary constraints. This study tests how the debt level of local governments affects the debt level of off-budget entities in 16 Korean metropolitan cities and provinces from 2008 to 2013, applying panel regressions. The results assert that as the debt of a local government increases, public enterprise debt increases accordingly. The findings confirm that public enterprises are used to lessen budget pressure by increasing the total public debt. This practice is like concealing local government debt by using off-budget entities, which eventually creates a fiscal illusion. Points for practitioners Off-budget entities are tools for bigger government and larger debt, so it is necessary to control the use of off-budget debt by imposing ceilings on the off-budget debt limit. From a comprehensive debt management perspective, off-budget entities should be used less to pursue government projects. Additionally, a segmented accounting system should be introduced within the off-budget entities.

Multiculturalism and Multi-Level Governance in Turkish Local Governments

2019 ◽  
pp. 92-116
Author(s):  
Namık Kemal Öztürk ◽  
Ozge Hames
Keyword(s):  
Social Sciences ◽  
Local Governments ◽  
Participatory Democracy ◽  
Good Governance ◽  
Central Executive ◽  
The Social ◽  
Harmonization Process ◽  
Multi Level ◽  
The Eu

The term multiculturalism is a new term that was introduced to the social sciences literature, describing the fact that people living within the same society may differ from one another in terms of such notions as ethnical origin, color, language, religion, culture, and denomination. Multiculturalism policies have probably had more of an opportunity for application in the local governments compared to the central executive units. The local governments, whose powers and responsibilities have increased in the ever-changing and ever-growing public government manners, have transformed into base platforms where these policies are easily applied. In this trend of progress, with the proliferation of participatory democracy and good governance principles, the concept of multi-level governance has become an issue, entirely matching up with the services and functions of the local governments. As part of the legislative regulations in parallel with the EU harmonization process, Turkey has attempted to put into practice the multi-level governance principle on the local governments.

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