"Public Finance Crisis: How to React?" . . . . "30"^^ . . "public finance, crisis, efficiency, public expenditures"@en . "Public Finance Crisis: How to React?"@en . "Praha" . . . . "Hu\u0148ady, J." . "316"^^ . . "Wolters Kluwer" . . "978-80-7357-763-6" . "Our chapter first explains the character of the current crisis. Than we focus on its current phase that might be named \u201Cpublic finance crisis\u201D, including some model predictions. The core part indicates that between many existing solutions the states shall focus on improving efficiency and effectiveness of public expenditures. Too many \u201Cblack holes\u201D still persist in all areas of public financing, \u201Cfixing\u201D at least some of them may significantly help to balance fiscal results of market economies. Our chapter argues that the best way to balance revenues and expenditures are efficiency improvements. According to our estimates up to 5% (or may be even more with more pessimistic approach) of GDP is wasted because of allocative and technical inefficiencies in our public sectors. Possible solutions are very well described by the standard literature; the core problem will be implementation capacity of respective governments." . "2"^^ . "P(GAP403/10/1892)" . "RIV/61858307:_____/12:#0000053!RIV13-GA0-61858307" . "Nemec, Juraj" . . . "Orvisk\u00E1, Marta" . "3"^^ . "Our chapter first explains the character of the current crisis. Than we focus on its current phase that might be named \u201Cpublic finance crisis\u201D, including some model predictions. The core part indicates that between many existing solutions the states shall focus on improving efficiency and effectiveness of public expenditures. Too many \u201Cblack holes\u201D still persist in all areas of public financing, \u201Cfixing\u201D at least some of them may significantly help to balance fiscal results of market economies. Our chapter argues that the best way to balance revenues and expenditures are efficiency improvements. According to our estimates up to 5% (or may be even more with more pessimistic approach) of GDP is wasted because of allocative and technical inefficiencies in our public sectors. Possible solutions are very well described by the standard literature; the core problem will be implementation capacity of respective governments."@en . "RIV/61858307:_____/12:#0000053" . . "Nemec, Juraj" . . "163568" . . . "Public Finance Crisis: How to React?" . "Analysis of the Impact the Economic Crisis on Public Finances" . "Orvisk\u00E1, Marta" . "Public Finance Crisis: How to React?"@en . "[E92A092E26B4]" . .