Přehled o publikaci
2021
Effect of the COVID-19 Pandemic on the Management of Czech Regions: The Case of the Moravian-Silesian Region.
SZAROWSKÁ, IrenaBasic information
Original name
Effect of the COVID-19 Pandemic on the Management of Czech Regions: The Case of the Moravian-Silesian Region.
Authors
SZAROWSKÁ, Irena
Edition
Scientific Papers of the University of Pardubice - Series D, Pardubice, UPCE, 2021, 1804-8048
Other information
Language
English
Type of outcome
Article in a journal
Country of publisher
Czech Republic
Confidentiality degree
is not subject to a state or trade secret
References:
Organization
Obchodně podnikatelská fakulta v Karviné – Slezská univerzita v Opavě – Repository
EID Scopus
2-s2.0-85104500062
Keywords in English
Financial Stability; Region; Covid-19 Pandemic; Crisis; Regional Governance; Financial Management; Budgetary Measure
Changed: 22/4/2022 03:07, Bc. Ivana Glabazňová
Abstract
V originále
The aim of the article is to examine the financial effects of the COVID-19 pandemic on the management of Czech regions, especially in the Moravian-Silesian region. Significant pressure to deepen the imbalance between public revenue and spending is reflected at the level of regional budgets. First, empirical evidence is provided, focusing on Czech regional budgets before the pandemic. The results suggest a very good financial condition in Czech regions, as regularly confirmed by the fulfilment of a set of Ministry of Finance monitoring indicators. Next, the article centres on the main measures in the financial management of the Moravian-Silesian region. The Regional Council implemented 296 budgetary measures, amounting to 41.5 billion CZK, as a response to the COVID-19 pandemic in 2020. Responsible financial management of the Moravian-Silesian region was also confirmed by the approval of a favourable loan in December 2020, which will enable us to continue investing in spite of the impact of the COVID-19 pandemic.