The thesis is focused on development of public finance in the Czech Republic between years 1993 and 2010. The crucial aim is to find out possible connections between increasing government deficits and the effort of politicians to be re-elected through higher government spending prior to an election. The analysis is mainly based on state and public budgets especially their annual changes in structure and basic components. I divide the cyclical and structural deficit and examine the influence of economic policy to its creation. In thesis is also described the general theory of public finance, issue of fiscal imbalance, public choice theory and its theory of political business cycle. The fiscal policy is carefully analyzed in recent electoral cycles in context of the economic and political development. The results of the analysis indicate that significant part of public debt has been created because of populist reasons especially in the period of economic expansion.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:165454 |
| Date | January 2012 |
| Creators | Šefr, Michal |
| Contributors | Ševčík, Miroslav, Řežábek, Pavel |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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