scholarly journals The Role of Commercial Banks in Financing Debt of Local Government Units

2019 ◽  
Vol 23 (2) ◽  
pp. 28-33
Author(s):  
Adam Żabka ◽  
Beata Hoza
Keyword(s):  
Local Government ◽  
Capital Market ◽  
Commercial Banks ◽  
Local Level ◽  
The State ◽  
Financial Resources ◽  
Secondary Markets ◽  
Low Activity

The authors of the paper present the results of their research in the structure of resources used to cover financial deficit of institutions of public finance sector on central and local level. The authors also evaluate the consequences triggered by application of different methods of financing. The aim of the paper is to analyse the reasons of low activity of local government units in obtaining financial resources directly from the capital market as compared to the State Treasury and commercial enterprises. By means of tools used in comparative analysis the authors juxtapose the most important parameters of primary and secondary markets of long-term debt securities issued by local government units, the State Treasury and commercial enterprises.

THE ROLE OF COMMERCIAL BANKS IN THE SECURITIES MARKET AND THE CURRENT STATE OF THE STATE SECURITIES MARKET IN KYRGYZSTAN

2020 ◽  
Vol 20 (1) ◽  
pp. 204-211
Author(s):  
Gulasel Shamshieva ◽  
Keyword(s):  
Commercial Banks ◽  
Legal Regulation ◽  
The State ◽  
Securities Market ◽  
Kyrgyz Republic ◽  
Current State ◽  
The Government

This article gives a classification of securities. The investment activities and operations with securities of commercial banks, as well as the legal regulation of the activities of commercial banks in the securities market in Kyrgyzstan are examined. A review of the current state of the securities market in the Kyrgyz Republic is carried out. Volumes of debt securities are also presented. The volume of annual issue of securities for 3 years from 2017 to 2019, the volume of foreign investment in corporate securities is shown. During the review of the state of the securities market, it was concluded that commercial banks play a major role in the development of the securities market, acting as issuers, investors and intermediaries. A program for the development of the government securities market for both the medium and long term is proposed.

scholarly journals Communicative model as an institutionalization factor for a local self-government in the Russian Federation

2021 ◽  
Vol 5 (S3) ◽  
Author(s):  
Diana Rustеmovna Fatikhova ◽  
Elmira Mansurovna Ziiatdinova
Keyword(s):  
Local Government ◽  
Russian Federation ◽  
State Power ◽  
The State ◽  
Public Authority ◽  
Financial Resources ◽  
Government Institutions ◽  
Political Events ◽  
The Russian Federation

The paper investigates the communicative model’s influence on the local self-government development in Russia. The research’s relevance lies in the role of communication in the institutionalisation of local government in Russia and is determined by the weakness inherent in local government institutions here. The nature of local self-government in the Russian Federation is contradictory. Local self-government bodies are closely connected with the state power and dependent on it, and at the same time they are legally excluded from the system of state power bodies. The internal political events of the first half of 2020 indicate a new turn in the development of local self-government in the Russian Federation. According to the amendments to the Constitution of the Russian Federation adopted following the referendum of July 1, 2020, local self-government and state authorities are part of the unified public authority system in the Russian Federation, while at the same time local self-government bodies may be vested with certain state powers, provided that the material and financial resources necessary for the exercise of such powers are transferred to them. The implementation of the delegated powers to local self-government bodies is controlled by the state.

scholarly journals THE ROLE OF THE LOCAL GOVERNMENT IN PROTECTION FROM NATURAL DISASTERS AND OTHER FORMS OF HAZARDS IN SERBIA

2017 ◽  
pp. 075
Author(s):  
Marijola Božović ◽  
Snežana Živković
Keyword(s):  
Local Government ◽  
Emergency Management ◽  
Natural Disasters ◽  
Local Community ◽  
The State ◽  
Material Power ◽  
The Given ◽  
Insight Into

The process of emergency management, starting from risk assessment of natural disasters and other hazards, through taking measures of prevention, protection and rescue, mitigation and restoration, should not be seen as burden on society, but rather as a factor of development. The dangers and accidents do not only take human lives, but inflict enormous, often irreparable damage that weakens the material power of the state and individuals, and can cause long-term problems to whole society. In that context, it is essential that the state influences the reduction of risks and dangers, increases the importance of participation and effectiveness of resources and capacities engaged in the process of emergency management, and thus, at the same time contributes to the security and development of whole society.The paper deals with the problems related to the development of vulnerability assessment from natural disasters as one of the tasks of the local government in the emergency management. After the risks at the local community have been assessed, it is possible to have an insight into the available technical and human capacity in the local community and, based on the given situation and in accordance with the law, make protection and rescue plans.

Spatial and Institutional Analysis of the Voivodships Expenditure on Culture in the Years 2003 – 2015

e-Finanse ◽  
2019 ◽  
Vol 15 (3) ◽  
pp. 67-75
Author(s):  
Adam Mateusz Suchecki
Keyword(s):  
Local Government ◽  
Public Administration ◽  
Local Governments ◽  
Local Level ◽  
Institutional Analysis ◽  
The State ◽  
Cultural Institutions ◽  
Location Quotient ◽  
Local Authorities ◽  
National Heritage

AbstractFollowing the completion of the process of decentralisation of public administration in Poland in 2003, a number of tasks implemented previously by the state authorities were transferred to the local level. One of the most significant changes to the financing and management methods of the local authorities was the transfer of tasks related to culture and national heritage to the set of tasks implemented by local governments. As a result of the decentralisation process, the local government units in Poland were given significant autonomy in determining the purposes of their budgetary expenditures on culture. At the same time, they were obliged to cover these expenses from their own revenues.This paper focuses on the analysis of expenditures on culture covered by the voivodship budgets, taking into consideration the structure of cultural institutions by their types, between 2003-2015. The location quotient (LQ) was applied to two selected years (2006 and 2015) to illustrate the diversity of expenditures on culture in individual voivodships.

General Particulars Regarding the Conflict of Interest

2020 ◽  
Vol 26 (2) ◽  
pp. 145-149
Author(s):  
Aurelia Teodora Drăghici
Keyword(s):  
Local Government ◽  
Conflict Of Interest ◽  
Conflicts Of Interest ◽  
National Level ◽  
The State ◽  
Role Of The State ◽  
Legal Implications ◽  
Determining Factors ◽  
Changing Role

SummaryTheme conflicts of interest is one of the major reasons for concern local government, regional and central administrative and criminal legal implications aiming to uphold the integrity and decisions objectively. Also, most obviously, conflicts of interest occur at the national level where political stakes are usually highest, one of the determining factors of this segment being the changing role of the state itself, which creates opportunities for individual gain through its transformations.

STATE REGULATION OF THE FINANCIAL SERVICES MARKET IN UKRAINE

2018 ◽  
Vol 1 (11) ◽  
pp. 30-47
Author(s):  
Lyudmila Nikolayevna Akimova ◽  
Alla Vasilievna Lysachok
Keyword(s):  
Life Insurance ◽  
Financial Services ◽  
Credit Unions ◽  
State Regulation ◽  
The State ◽  
Existing Problems ◽  
Insurance Contracts ◽  
State Pension

The essence of such concepts is “financial service”, “financial ser- vices market”, and “participants of the financial services market”; determined the purpose of state regulation of the financial services market; forms of state regu- lation of the financial services market; financial services that are present in the financial services market; the structure of state regulation bodies of the financial services market in Ukraine is given; The role of state bodies in the regulation of the financial services market was studied; to characterize the regulatory le- gal regulation of the financial services market in Ukraine; the main problems of functioning of the domestic market of financial services are revealed; ways to solve existing problems. It is grounded that the state regulation of financial ser- vices markets consists in the state’s implementation of a set of measures aimed at regulating and overseeing financial services markets to protect the interests of financial services consumers and preventing crisis phenomena. It is concluded that the financial services market is an important element of the development of the economy as a whole, in particular, it concerns not only the state but also society. We must understand that when this market is settled, that is, all bodies that carry out state regulation are competent in their powers, only then will we make informed, effective decisions about the normal and effective functioning of the RFP. It is important that the data of the subjects of control do not overlap, their activities should be fixed at the legislative level. It is also worth bearing in mind that appropriate conditions must be created to create compensatory mecha- nisms in the financial services markets by developing a system for guarante- eing deposits and providing for payments under long-term life insurance contracts, non-state pension provisions, deposits with deposit accounts to credit unions, etс.

scholarly journals Could Pushkin Have Repaid His Debts?

2019 ◽  
pp. 176-191
Keyword(s):  
Literary Work ◽  
The State ◽  
Economic Life ◽  
Accurate Data ◽  
Publishing Activity ◽  
Estate Management ◽  
The City

The article states the necessity of creating an economic chronicle of Alexander Pushkin’s life. His economic life includes four aspects: publishing activity, estate management, playing cards, and life in the city. It is mentioned that the existing literature lacks accurate data on Pushkin’s incomes and expenses. The article studies a notorious episode concerning Pushkin’s loan received from the Moscow Savings Treasury. It is shown that there are certain questions connected with distribution of the money received and with Pushkin’s deposit in the Moscow Savings Treasury. Besides, the article analyses Pushkin’s loans from the State Treasury. The role of Egor Kankrin, Minister of Finance, in providing to Pushkin his credit conditions, and the attitude of Emperor Nicholas I towards the poet are emphasized. They resulted in the lending conditions being extremely soft: the loans were long-term and interest-free. However, Pushkin still needed money and had to borrow large sums from private persons. After his death, debts to the State Treasury and to private persons amounted to 138,988 rubles 33 kopeks. The author raises the question: did Pushkin have a real opportunity to repay his debts? Data from a Pushkin Trust report concerning incomes collected from the posthumous edition are analyzed. The article provides calculations confirming that Pushkin’s financial bankruptcy was far from being inevitable. Had he survived after the duel with d’Anthès, Pushkin would have been exiled to his village. He would have continued his literary work and, according to the optimistic estimate, could have repaid his debts within approximately four years.

scholarly journals The Sister Village Program: Promoting Community Resilience after Merapi Eruption

2018 ◽  
Vol 3 (1) ◽  
pp. 32
Author(s):  
Vita Elysia ◽  
Ake Wihadanto
Keyword(s):  
Local Government ◽  
Volcanic Eruption ◽  
Disaster Recovery ◽  
Local Level ◽  
Community Resilience ◽  
The World ◽  
Evacuation Routes ◽  
Post Disaster ◽  
Shed Light

Local Government of Magelang Regency initiates the Sister Village Program after Mount Merapi Eruption in 2010. The idea of this program is to connect villages at risk from Merapi eruption to partner villages with less risk in the surrounding regions. This program is part of post-disaster recovery initiatives at the local level which includes planned evacuation routes, shelters, provision of food and other daily essentials. This paper aims to shed light on the role of sister village program in promoting community resilience after the volcanic eruption of Merapi. It is found that the system of sister village program can fulfill many aspects of community resilience components. Considering Indonesia is one of the most disaster-prone countries in the world, this program should be regarded as a good example to be replicated in other prone areas in the country.

scholarly journals DIAGNOSIS OF THE LEVEL OF FINANCIAL DECENTRALIZATION OF LOCAL BUDGETS ON THE BASIS OF INTEGRAL EVALUATION

2021 ◽  
Author(s):  
Yurii Puhach
Keyword(s):  
Financial Stability ◽  
Local Level ◽  
The State ◽  
Financial Resources ◽  
Financial Security ◽  
Regional Strategies ◽  
Self Development ◽  
Decentralization Reform ◽  
Objective Description ◽  
Functional Components

The process of implementing socio-economic change at the local level is closely linked to administrative reform and financial decentralization as important tools for regulating and allocating budget funds. Problems of reforming the administrative-territorial system, the formation of budgetary policy of the regions with the expansion of powers should be based on the development of regional strategies and a comprehensive analysis of financial resources. Approaches to the economic analysis of the efficiency of the allocation of financial resources in the context of decentralization reform are becoming increasingly important. The analysis of individual indicators somewhat narrows the perception of economic processes and does not allow to assess the level of provision of funds of administrative-territorial units by areas and in general. The issues of improving the methods and tools for assessing the financial resources of local budgets in the context of decentralization are becoming important. The article proposes improved approaches to the analysis of the level of financial decentralization of local budgets on the basis of aggregate indicators by areas. The technique allows analyzing the state of resource-functional components over time. The application of integrated assessment contributes to the objective characterization of the level of financial security of the regions, the revision and development of economic opportunities in the context of limited resources of local budgets. The proposed approach contributes to the formation of an objective description of the level of financial security of the region, and hence the financial opportunities for self-development. The methodology reveals the state of resource-functional components, the dynamics of deviations of integral values, allows monitoring of quantitative benchmarks to achieve the desired level of financial stability of regions and allows focusing on objective reasons for real financial decentralization in Ukraine. The results of the analysis focus on the assessment of regional development trends in the context of financial decentralization and form the need for further research in this direction.

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