prikaz prve stranice dokumenta Do Utility Companies Increase Local Government Debt in Croatia?
  Download
PDF 290.16 KB
Other - Popular paper
Do Utility Companies Increase Local Government Debt in Croatia?
Newsletter : an occasional publication of the Institute of Public Finance, 9 (2007), 28; 1-8. urn:nbn:hr:242:014040
Bajo, Anto

Cite this document

Bajo, A. (2007). Do Utility Companies Increase Local Government Debt in Croatia?. Newsletter : an occasional publication of the Institute of Public Finance, 9. (28), 1-8. Retrieved from https://urn.nsk.hr/urn:nbn:hr:242:014040

Bajo, Anto. "Do Utility Companies Increase Local Government Debt in Croatia?." Newsletter : an occasional publication of the Institute of Public Finance, vol. 9, no. 28, 2007, pp. 1-8. https://urn.nsk.hr/urn:nbn:hr:242:014040

Bajo, Anto. "Do Utility Companies Increase Local Government Debt in Croatia?." Newsletter : an occasional publication of the Institute of Public Finance 9, no. 28 (2007): 1-8. https://urn.nsk.hr/urn:nbn:hr:242:014040

Bajo, A. (2007) 'Do Utility Companies Increase Local Government Debt in Croatia?', Newsletter : an occasional publication of the Institute of Public Finance, 9(28), pp. 1-8. Available at: https://urn.nsk.hr/urn:nbn:hr:242:014040 (Accessed 19 April 2024)

Bajo A. Do Utility Companies Increase Local Government Debt in Croatia?. Newsletter : an occasional publication of the Institute of Public Finance [Internet]. 2007 May 17 [cited 2024 April 19];9(28):1-8. Available at: https://urn.nsk.hr/urn:nbn:hr:242:014040

A. Bajo, "Do Utility Companies Increase Local Government Debt in Croatia?", Newsletter : an occasional publication of the Institute of Public Finance, vol. 9, no. 28, pp. 1-8, May 2007. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:242:014040. [Accessed: 19 April 2024]

Please login to the repository to save this object to your list.
Metadata
Title (english)Do Utility Companies Increase Local Government Debt in Croatia?
AuthorAnto Bajo
Author's institutionInstitute of Public Finance
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The rising trend in Croatian local units indebtedness contracted through local government-owned utility companies gives cause for concern. Institutions and corporate entities the founder and majority shareholder of which are local government units may contract debt only with the prior consent of the representative body of the local government. Such assemblies can issue guarantees above the permitted level of local government borrowing. Thus additional indebtedness can be concealed if consent is given, or guarantees are issued for corporate or institutional borrowing. For local government units can state debt servicing in their budgets through capital donations, aid and grants that they give to the establishments and companies that get into debt. For this reason the Government and the Finance Ministry should seek information from the local government units about the amounts of and conditions attached to utility firm borrowing, for their debts can create additional financial risks, destabilise the local budgets and increase the non-tax burden on the citizen.
Languageenglish
Publication typeOther - Popular paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleNewsletter : an occasional publication of the Institute of Public Finance
Numberingvol. 9, no. 28, pp. 1-8
e-ISSN1333-4417
URN:NBNurn:nbn:hr:242:014040
Publication2007-05-17
Type of resourceText
Access conditionsOpen access
Terms of useLicence Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) icon
Created on2021-09-02 13:09:03