How Long to Read A Closer Look at Subnational Government Finances

How Long Does it Take to Read A Closer Look at Subnational Government Finances?

It takes the average reader to read A Closer Look at Subnational Government Finances by Hans Olsson

Assuming a reading speed of 250 words per minute. Learn more

Description

To carry out the analysis required for monetary policy, the European Central Bank (ECB) and the European System of Central Banks (ESCB) need comprehensive and reliable government finance statistics. The focus of government finance statistics has traditionally been the government as a whole (consolidated), with a particular emphasis on central government. In recent years, however, the focus on subnational government finance statistics has increased, with stories of misreporting by a number of such governments hitting the news. Moreover, subnational governments are the layer of government to which people have the closest connection through their use of services that are either subsidised or directly provided by these bodies. These two aspects prompted the authors to take a closer look at the subnational government finance statistics of all European Union (EU) countries during the period 2000-19 (before, during and after the financial crisis). Data for the year 2020 are not included in this paper to prevent the analysis being skewed by the impact of government coronavirus measures. First of all, subnational government deficit figures are scrutinised and one of the questions asked is the extent to which the financial crisis affected deficit figures. In the next section, the change in government debt is examined as a comparison with the deficit figures could provide further information on the financing of subnational government deficits. The authors assess which part of subnational government debt is held by other subsectors of government and go on to examine the financial assets held by subnational governments and their net financial worth. Has higher debt eroded subnational governments' net financial worth or has net financial worth remained relatively stable over time? The paper then delves into subnational government expenditure to establish the types of activities subnational governments spend their money on. Finally, the authors look at the sources of revenue of subnational governments to establish which part is financed by central government and which part is financed by other revenue sources.

How long is A Closer Look at Subnational Government Finances?

A Closer Look at Subnational Government Finances by Hans Olsson is 0 pages long, and a total of 0 words.

This makes it 0% the length of the average book. It also has 0% more words than the average book.

How Long Does it Take to Read A Closer Look at Subnational Government Finances Aloud?

The average oral reading speed is 183 words per minute. This means it takes to read A Closer Look at Subnational Government Finances aloud.

What Reading Level is A Closer Look at Subnational Government Finances?

A Closer Look at Subnational Government Finances is suitable for students ages 2 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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