Published : 2011-09-30

Soft and Hard Budget Constraints and the Problem of Debt and Financial Support to Subnational Government

Magdalena Zioło



Abstract

The goal of the article is to introduce the concept of soft and hard budget constraints and to present their connection with the debt issues at the local and regional level. The study brought closer to creating a mechanism of soft and hard budget constraints, their determinants, consequences and the reasons for softening and / or hardening of budget constraints.(original abstract)

Keywords:

Budget, Public finance discipline



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Zioło, M. (2011). Soft and Hard Budget Constraints and the Problem of Debt and Financial Support to Subnational Government. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 36(36). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1419

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Publisher
Uniwersytet WSB Merito w Poznaniu
ul. Powstańców Wielkopolskich 5
61-895 Poznań
e-mail: journals@poznan.merito.pl
University
Uniwersytet WSB Merito w Poznaniu / WSB Merito University
ul. Powstańców Wielkopolskich 5
61-895 Poznań

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