Advertisement

The Process of Budgeting and Issues of Indebtedness in the Czech Republic

  • Hana MarkováEmail author
  • Martin Kopecký
  • Radovan Suchánek
Chapter
  • 258 Downloads
Part of the Ius Comparatum - Global Studies in Comparative Law book series (GSCL, volume 20)

Abstract

In the Czech Republic, the Ministry of Finance prepares the initial draft of the annual Budget Bill for the government. Afterwards, the government adopts the draft and submits it to the Chamber of Deputies. The draft budget is accompanied by a Medium-Term Expenditure Framework, which projects the aggregate income and expenditure for the two subsequent years. In accordance with the Czech Constitution, only the Chamber of Deputies is involved in the approval of the budget proposal; the Senate is not involved in this process. There is no constitutional provision or law prohibiting a budget deficit, but constitutional amendments act that would limit government debt is currently under consideration that would limit the government debt.

Some kinds of expenditures are outside of the parliamentary budgeting process. The budgets of municipalities (communes) and regions are separate from the state budget. While retirement pensions and social insurance payments are included in the state budget, the expenditures for public healthcare services are outside of its scope.

Keywords

Regional Authority Financial Management State Fund State Budget Regional Budget 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Kopecký, M. Právní postavení obcí a krajů – základy komunálního práva [Legal Status of Communities and Regions – Basics of Municipal Law]. Praha:Wolters Kluwer, 2010. [ISBN 978-80-7357-561-8]Google Scholar
  2. Kopecký, M. K zárukám transparentnosti a hospodárnosti při nakládání s komunálním majetkem. [On Safeguards of Transparent and Economical Disposal of Municipal Property] in Právní rozhledy, 7/2010. [ISSN 1210-6410.]Google Scholar
  3. Marková H., R. Boháč, Rozpočtové právo [Budget Law]. Praha: C.H.Beck Praha 2007/ – [ISBN 978-80-7179-598-8.]Google Scholar
  4. Marková, H., Rozpočtová odpovědnost [Budget Responsibility], MU Brno 2010 – [ISBN 978-80-210-5305-2].Google Scholar
  5. Marková H. Rozpočtové výdaje, jejjich povaha a charakteristika [Budget Expenditures, their Nature and Characteristics]. MU Brno 2009. ISBN 978-80-210-4990-1.Google Scholar
  6. Marková H. Územní samosprávné celky a jejich majetková a finanční samostatnost [Regional Administrative Units and their Property and Financial Autonomy] in Finanční právo v první dekádě 21. Století., Praha: AUC Iuridica č. 4/2010. [ISSN 0323-0619].Google Scholar
  7. Marková H.: Fiscal Decision-making of Self-governing Regional Authorities in Public Finances- administrative autonomies – Györ 2012 – [ISBN 978-963-9819-87-0].Google Scholar
  8. Suchánek, R., in L. Bahýľová, J. Filip, P. Molek, M. Podhrázský, R. Suchánek, V. Šimíček, L. Vyhnánek: Ústava České republiky. Komentář. [The Constitution of the Czech Republic. Commentary]. Praha: Linde, 2010, [978-80-7201-814-7]Google Scholar

Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  • Hana Marková
    • 1
    Email author
  • Martin Kopecký
    • 1
  • Radovan Suchánek
    • 1
  1. 1.Charles UniversityPragueCzech Republic

Personalised recommendations