PUBLIC HOLIDAY - Fiscal Imbalance Problem and Public Budgets Reforms (Reading)
Abstract of the lecture
The presentation is divided into two main parts. The first part of the lecture contains the theoretical explication of the fiscal imbalance problem, deficit and debt origin and their influence on the public budgets. The second part of the lecture focuses on detailed description of the Concept of Public Budgets Reform in the Czech Republic (2003 - 2006), proposed measures and their impacts on the public budgets. There are also introduced risks connected with the Concept's realization. "Newly" approved public budget reform (2008 - 2010) is discussed too.
1. Is there any difference between public deficit and public debt?
2. Specify possible ways of public deficit financing.
3. Think about main features of the public budgets reform – what should be done to stabilize public budgets in general?
HERE you can find studying material for the lecture