SHS Web of Conf.
Volume 92, 2021The 20th International Scientific Conference Globalization and its Socio-Economic Consequences 2020
|Number of page(s)||10|
|Section||Global Impact of COVID 19 on Economy and Society|
|Published online||13 January 2021|
Global Impacts of COVID-19 on the Financing of Local Self-Governments: Evidence from Slovak municipalities
1 Constantine the Philosopher University in Nitra, Faculty of Natural Sciences, Institute of Economy and Management, A. Hlinku Str.1, 949 74 Nitra, Slovakia
2 Slovak University of Agriculture in Nitra, Faculty of Economics and Management, Department of Mathematics, A. Hlinku Str.2, 949 76 Nitra, Slovakia
* Corresponding author: email@example.com
Research background: Until 2004, the financing of local self-government in Slovak Republic was determined annually by the Act on the State Budget. In 2005, the whole philosophy of redistribution of funds for the level of local self-government was changed. The basis of the new system of local self-government financing was the determination of the personal income tax as an only one share tax.
Purpose of the article: The income from this tax is distributed between the local self-government, the regional self-government and the state. The aim of the paper is to analyze the incomes from personal income tax redistributed to the level of local self-governments in Slovak Republic in the time period 2009 - 2019, as well as to provide a possible prediction of the development of these incomes.
Methods: Basic data for the analysis were obtained from the Ministry of Finance of the Slovak Republic from the state final account. We evaluate the obtained time series by means of MS Excel and we use modelling by means of trend lines. The obtained predictions will be compared with the forecasts presented by the Ministry of Finance of the Slovak Republic.
Findings & Value added: However, COVID - 19 also intervened in the predictions of the Ministry of Finance of the Slovak Republic, and therefore we will also compare our models with real data obtained from the state budget in the framework of fulfilling from personal income tax for the time period January to August 2020. Also we will evaluate the expenditures of selected EU countries for local self-government.
Key words: financing / local self – government / personal income tax / COVID-19
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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