Instrumenty dłużne jako dźwignia finansowa rozwoju gmin

Abstract

Debt instruments are rarely used by LRGs in Poland, in comparison to other UE countries. In this paper we state the thesis, that debt can be an effective tool in LRG finance management, fostering the realization of their tasks and their development. We provide short analysis of leverage in economic entities and argue that this concept can also be used in public finance entities. Current and proposed regulations concerning debt of LGR is brought as well as their critique. Proposition of commune creditworthiness analysis and debt analysis is presented. We conclude with an analysis of the commune indebtedness process.