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Program Overview |
Thursday, May 11, 2006 4:00 PM - 6:00 PM |
| V. Working Group on Public Sector Finance and Accounting |
| Session 1 |
| Room |
White hall II |
| Related to |
V. Working Group on Public Sector Finance and Accounting |
| WG Programme Coordinators: |
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Zeljko Sevic, Glasgow Caledonian University, Glasgow, United Kingdom
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The focus of the Working Group research in the past year has been local debt and its management in all possible forms: classical debt financial management, borrowing, debt servicing, capacity for local borrowing, etc. The papers reflect various experiences in both advanced transitional countries and poorer performers in the transition process and focuses on the sharing best practices in the region(s). There are also some other papers that deal with related issues that face local (self-) governments in the transition process. The research emphasises the importance of local government capacity to borrow from both public and private entities and to enter the financial markets on their own, within the limitations imposed by the central government authorities (preferably by Law and not secondary legislation). The research strongly support the active financial management of local government on both asset and liability side, requiring constant innovation and improvement on side of the local government; although these efforts are often hampered by the positive legislation and regulation, and central government behaviour. It is most likely that the local governments will have to resort to borrowing far more often than it was in the past, especially with further decentralisation and strengthening of the grassroots democratic processes.
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Speakers:
Zeljko Sevic, University of Greenwich, Department of Accounting and Finance, Business School, London, United Kingdom
Topic: Working Group on Public Sector Finance and Accounting: Introduction to the theme
Papers:
Paper: Local debt in the context of decentralisation and reform: The Slovak Republic
Author(s):
Phillip Bryson, Brigham Young University, Provo, Utah, United States
Presenter(s):
Paper: Managing local public debt in transition countries: An issue of self-control?
Author(s):
Krisztina Tóth, University of Fribourg, Fribourg, Switzerland
Bernard Dafflon, University of Fribourg, Fribourg, Switzerland
Presenter(s):
Paper: Municipal debt in the Czech Republic
Author(s):
Lucie Sedmihradska, University of Economics of Prague, Prague , Czech Republic
Ivana Simikova, Masaryk University, Brno, Czech Republic
Presenter(s):
Paper: Ukrainian local governments and financial markets
Author(s):
Sergii Slukhai, Taras Shevchenko National University, Kyiv, Ukraine
Presenter(s):
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