Mathematics in Education, Research and Applications (MERAA), 2018(4), 2
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Published online 2018-12-30
DOI:https://doi.org/10.15414/meraa.2018.04.02.88-92
Quantitative tools of municipal financial resources assessment in the Slovak Republic
Dana Országhová, Viera Papcunová, Radomíra Hornyák Gregáňová
Slovak university of Agriculture in Nitra, Nitra, Slovak Republic
Article Fulltext (PDF), pp. 88–95
- In the Slovak Republic the system of assessment of a financial efficiency in the local self-government is complicated. This is due to the fact that the local self-government is not
primarily supposed to provide the profit, but to guarantee services for inhabitants which will increase the quality of their lives. Despite the fact of this
difficulty, some special methods are created for the analysis of the financial performance of the local self- government and the quantitative tools belong to
the effective means of this process. The basis of the financial assessment is the calculation of the financial parameters, which allow to rate the effectiveness
of the financing of the municipality. The main objective of this paper is the measuring of the financial performance of municipalities in the Slovak Republic
via selected financial parameters. The data are evaluated in the time period 2000 – 2015 with the prediction for year 2016. The calculations and modeling outputs
were carried out by tools of MS Excel. The graphical outputs illustrate corresponding trend lines with the changes in values and forecasts for a following period.
Calculated indicators represent the exact tool for a rating of the financial efficiency of local municipalities.
- Keywords: municipality, self-government, financial parameters, modeling, trend lines
- JEL Classification: C52, H72, R50