The Impact of COVID-19 on Revenues and Expenditures of Main Regional Cities in Slovakia

Rastislav SOLEJ

https://doi.org/10.53465/EDAMBA.2022.9788022550420.369-379

 

Abstract: At the beginning of March 2020, Slovakia found itself in a situation unparalleled in its modern history. The COVID-19 pandemic has brought a wave of uncertainty into regular live of people. This uncertainty has affected every aspect of life and every economic subject. The central governments of the countries were forced to take unpopular measures to close their economies or socio-cultural life. The consequences of COVID-19 had to bear local governments. The aim of this work is to assess the extent to which COVID-19 has affected the financing of regional cities in Slovakia. Focuses on expenditure and revenues over period 2011 – 2021. The results suggest that pandemic negatively affected finances of all sampled cities. More affected were capital expenditures, which rate declined and personal income tax during pandemic year 2020. Shortfall in revenues was replaced in increase of property tax income and grants and transfers from central government.

Keywords: local government, COVID-19, Slovakia

JEL classification: H12, H27, H72

Fulltext: PDF

Online publication date: 3 March 2023

ISBN: 978-80-225-5042-0

Publisher: University of Economics in Bratislava

Pages: 369-379

 

To cite this proceedings paper (STN ISO 690 and 690-2):

SOLEJ, R. 2023. The Impact of COVID-19 on revenues and expenditures of main regional cities in Slovakia. In LÜLEYOVÁ, A. (ed.). EDAMBA 2022: Conference Proceedings. Bratislava: University of Economics in Bratislava, 2023. ISBN 978-80-225-5042-0, pp. 369-379. https://doi.org/10.53465/EDAMBA.2022.9788022550420.369-379