Description: Reforming Intergovernmental Fiscal Relations in the Czech Republic

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Reforming Intergovernmental Fiscal Relations in the Czech Republic

The Czech Republic has largely overcome the challenges associated with its legacy of socialism, the 1993 breakup of Czechoslovakia, and its transition to a market economy. In addition, the country's evolving approach to intergovernmental fisca...

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Bibliographic Details
Main Authors:	Oliveira, João do Carmo, Martinez-Vazquez, Jorge
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTABILITY AUDITS AUTONOMY BANK SUPERVISION BANKRUPTCY BORROWING BUDGET EXECUTION CAPITAL MARKETS CENTRAL GOVERNMENT GUARANTEES COLLATERAL CREDITWORTHINESS DEBT SERVICE ECONOMIC CONDITIONS EQUALIZATION FINANCIAL INCENTIVES FISCAL BALANCE FISCAL DECENTRALIZATION FISCAL REFORMS FISCAL RESPONSIBILITY GOVERNMENT GUARANTEES HARD BUDGET CONSTRAINTS HOUSING INCOME TAXES INTERGOVERNMENTAL FISCAL RELATIONS LAWS LOCAL GOVERNMENT LOCAL GOVERNMENT BORROWING LOCAL GOVERNMENT BUDGETS LOCAL GOVERNMENTS LOCAL SPENDING LOCAL TAXES MORAL HAZARD MUNICIPAL DEBT MUNICIPAL REVENUE MUNICIPALITIES PRIVATIZATION PROPERTY TAXES PUBLIC SECTOR PUBLIC SECTOR EFFICIENCY PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES RATING AGENCIES REVENUE SOURCES SPECIAL DISTRICTS SUBNATIONAL GOVERNMENTS TAX TAX CAPACITY TAX EFFORTS TAX RATES TAX REVENUE TAX SHARING TELECOMMUNICATIONS TRANSPARENCY UNFUNDED MANDATES VALUE ADDED TAXES
Online Access:	http://documents.worldbank.org/curated/en/2003/10/5175368/reforming-intergovernmental-fiscal-relations-czech-republic http://hdl.handle.net/10986/11291

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Summary:	The Czech Republic has largely overcome the challenges associated with its legacy of socialism, the 1993 breakup of Czechoslovakia, and its transition to a market economy. In addition, the country's evolving approach to intergovernmental fiscal relations has addressed crucial issues, including the prospect of joining the European Union and the need to increase public sector efficiency.