Abstract
Research background: Municipalities, as entities of local government, finance the performed activities on the basis of the budget, which has a program structure. However, due to the global COVID-19 pandemic, municipal incomes have declined. Municipalities therefore had to adjust their budgets and reduce expenditures, which could disrupt several processes in municipalities. Purpose of the article: The main aim of the paper is to analyse the budgets of selected local government entities and assess the impact of the COVID-19 pandemic on the use of funds by municipalities with an emphasis on the security area. Methods: In order to assess the impact of the COVID-19 pandemic on the use of funds by municipalities, a detailed analysis of the budgets and final accounts of selected municipalities will be carried out. The amount of income and expenditure in these municipalities before and after the outbreak of the COVID-19 pandemic will be examined. For this purpose, basic scientific methods and methods of mathematical statistics will be used. Findings & Value added: Based on the assessment of the COVID-19 pandemic impact on the budgets of municipalities, it will be possible to determine the activities that experienced the largest revenue shortfalls due to the fact that the municipalities could not finance them from their revenues. The contribution of the paper will be recommendations that should prevent such situations in the future and thus prevent the amount of damage that has been recorded as a result of the loss of income of municipalities.
Highlights
The economic management of any entity is governed by a budget
The impact of the COVID-19 pandemic on the lowest level of public administration local self-government, is dealt with only minimally by experts, while municipalities, as the basic unit of territorial self-government, can be considered as entities most affected by the COVID-19 pandemic, state measures to assist these entities can be considered as a minimal (Valaskova et al, 2021)
The final accounts of selected cities for 2018-2020 will be analysed, given that 2018 represents the standard year unaffected by the COVID-19 pandemic, 2019 represents the year when the first cases of the COVID-19 pandemic appeared in Slovakia and 2020 represents the year, during which the COVID-19 pandemic persisted in Slovakia
Summary
The economic management of any entity is governed by a budget. public administration entities must follow the laws and other generally binding regulations that regulate the budget process of public administration when compiling and implementing the budget. In 2020, the world entered another global crisis, which wasn’t caused by the failure of banks and the economic system, but caused by the global pandemic. This pandemic paralyzed the economies of all countries of the world, including Slovakia (Sventekova et al, 2021). This unprecedented situation affected the overall management of the state and the fulfilment of all performed tasks of the state, and the economy of the state. The impact of the COVID-19 pandemic on the lowest level of public administration local self-government, is dealt with only minimally by experts, while municipalities, as the basic unit of territorial self-government, can be considered as entities most affected by the COVID-19 pandemic, state measures to assist these entities can be considered as a minimal (Valaskova et al, 2021)
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