Principles of Giving Loans to Municipalities

• Autorzy: Halina Stanisławiszyn
• Języki publikacji: EN

Abstrakty

EN

The basis of the financing of a municipality (gmina in Polish) formed by the statutory principles of financing municipal activities, specifies the basie conditions of their relationship with financial institutions, which is on a different basis than relationships of such institutions with, for example, business entities. Municipalities cannot go bankrupt, have a relatively stable income base, and their financial economy is public by naturę. Ali this makes municipalities a potential area of interest for financial operators who, as research indicates, are showing growing interest by their commercial presence on this market. Reactivation of municipalities as basie units of territorial self-government has opened new possibilities for dynamie development of the financial services market, in the broad meaning of this phrase, which must be provided to about 2,500 entities. Thus, the establishment of units of territorial self-government raised the following ąuestion to institutions of the financial market, which operate according to commercial principles, and especially for banks: How should this fact be treated in market strategies? Individual types of municipalities differ with respect to their economic potential, population, income level and structure, as well as demand for financial services. Moreover, we deal with a vast diversity in many respects within the scope of each separate category of municipality, including, among other things, economic potential. This diversity is especially noticeable in the field of budget size.(fragment of text)

Słowa kluczowe

EN

Local government; District; Finance

PL

Samorząd terytorialny; Gmina; Finanse

• Czasopismo: Economic and Environmental Studies
• Rocznik: 2003
• Numer: Vol. 4
• Strony: 91--100

Twórcy

autor

Halina Stanisławiszyn

• Opole University

Bibliografia

• Karpiński, P., "Bankowa obsługa gmin" ("Bank services for municipalities"), Bank i Rolnictwo, 11, 2000.
• Myczkowska, A., "Deficyt finansowany kredytami" ("Financing deficits by credit"), Rzeczpospolita, March 6, 2002.
• Zawadzka, A., Zarządzanie ryzykiem w banku komercyjnym (Risk management in com- mercial banks), Poltex, Warszawa, 1996