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Fiscal (Un)Sustainability in Practice: Local Government Finance in Visegrad Economies

dc.contributor.authorUryszek, Tomasz
dc.contributor.authorKłysik-Uryszek, Agnieszka
dc.date.accessioned2026-02-26T15:19:21Z
dc.date.available2026-02-26T15:19:21Z
dc.date.issued2025-09-30
dc.identifier.issn1508-2008
dc.identifier.urihttp://hdl.handle.net/11089/57533
dc.description.abstractThe objective of this study is to evaluate the fiscal sustainability of Local Government Units (LGUs) in the Visegrad Group economies (Czechia, Hungary, Poland, and Slovakia; the V4), focusing on three key hypotheses: (1) LGUs in the V4 are involved in so-called Ponzi games; (2) the adverse effects of such games intensified during the economic recession, the COVID-19 crisis, and the war in Ukraine; (3) primary budget balances of LGUs impact the stabilization of their debt levels. The study spans 2001–2022, encompassing significant economic disruptions. The analysis utilizes fiscal sustainability assessments, including the primary gap indicator and criteria for Ponzi-like behaviors. Key findings reveal varying degrees of fiscal sustainability across the V4, with notable disparities in resilience and debt management. The implications and recommendations emphasize the need for enhanced fiscal discipline, targeted policy adjustments, and transparent governance frameworks to address identified vulnerabilities. The paper offers a comprehensive examination of LGU fiscal sustainability in Central European economies, offering insights for policymakers and enriching the discourse on public finance management in post-transitional economies.en
dc.description.abstractCelem artykułu jest ocena stabilności fiskalnej jednostek samorządu terytorialnego (JST) w gospodarkach Grupy Wyszehradzkiej (krajach V4) z uwzględnieniem trzech kluczowych hipotez: (1) JST w krajach V4 realizują tzw. gry/schematy Ponziego; (2) negatywne skutki korzystania z tego schematu nasiliły się w czasie recesji gospodarczej, kryzysu COVID-19 i wojny w Ukrainie; (3) poziomy pierwotnego salda budżetowego JST wpływają na stabilizację poziomów ich zadłużenia. Badanie obejmuje lata 2001–2022, uwzględniając najważniejsze zakłócenia w gospodarce. Do analiz wykorzystano metody oceny stabilności fiskalnej, w tym wskaźnik luki pierwotnej i kryteria realizacji schematu Ponziego. Kluczowe wyniki ujawniają zróżnicowany poziom stabilności fiskalnej w Czechach, na Węgrzech, w Polsce i na Słowacji, z zauważalnymi różnicami w odporności fiskalnej i zarządzaniu długiem. Implikuje to konieczność wzmocnienia dyscypliny budżetowej, korekt prowadzonej polityki oraz przejrzystych ram zarządzania publicznego w celu zaradzenia zidentyfikowanym słabościom. Artykuł stanowi kompleksową analizę stabilności fiskalnej JST w krajach Europy Środkowej, oferując istotne wnioski dla decydentów politycznych i wzbogacając dyskusję na temat zarządzania finansami publicznymi w gospodarkach po transformacji.pl
dc.language.isoen
dc.publisherWydawnictwo Uniwersytetu Łódzkiegopl
dc.relation.ispartofseriesComparative Economic Research. Central and Eastern Europe;3en
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0
dc.subjectfiscal sustainabilityen
dc.subjectVisegrad economiesen
dc.subjectlocal governmenten
dc.subjectpublic debten
dc.subjectbudget deficiten
dc.subjectPonzi gamesen
dc.subjectzrównoważenie fiskalnepl
dc.subjectgospodarki Grupy Wyszehradzkiejpl
dc.subjectjednostki samorządu terytorialnegopl
dc.subjectdług publicznypl
dc.subjectdeficyt budżetowypl
dc.subjectgry/schematy Ponziegopl
dc.titleFiscal (Un)Sustainability in Practice: Local Government Finance in Visegrad Economiesen
dc.title.alternative(Nie)zrównoważenie fiskalne w praktyce: finanse samorządowe w gospodarkach Grupy Wyszehradzkiejpl
dc.typeArticle
dc.page.number7-21
dc.contributor.authorAffiliationUryszek, Tomasz - University of Lodz, Faculty of Economics and Sociology, Institute of Economicsen
dc.contributor.authorAffiliationKłysik-Uryszek, Agnieszka - University of Lodz, Faculty of Economics and Sociology, Institute of Economicsen
dc.identifier.eissn2082-6737
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dc.contributor.authorEmailUryszek, Tomasz - tomasz.uryszek@uni.lodz.pl
dc.contributor.authorEmailKłysik-Uryszek, Agnieszka - agnieszka.klysik@uni.lodz.pl
dc.identifier.doi10.18778/1508-2008.28.18
dc.relation.volume28


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