@article{Daniłowska:195655,
      recid = {195655},
      author = {Daniłowska, Alina},
      title = {External financing of local governments’ expenditure in  the rural areas in Poland},
      journal = {Problems of World Agriculture / Problemy Rolnictwa  Światowego},
      address = {2011-09},
      number = {1827-2016-147524},
      series = {Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego  Problemy Rolnictwa Światowego / Scientific Journal Warsaw  University of Life Sciences – SGGW Problems of World  Agriculture},
      pages = {9},
      year = {2011},
      abstract = {The role of repayable sources in financing local  governments’ expenditure in rural areas in Poland was  examined. The analyses showed that during years 2005-2009  the expenditure of local governments in rural areas was  rising. An especially high increase was observed in 2009.  The shares of the investment expenditure in total  expenditure were at 20% for 2005-2008 but in 2009 it rose  noticeably. The local governments use credits, loans and  municipal bonds for financing expenditure. Except for 2009,  the ‘new’ credits and loans financed mainly repayment of  ‘old credits’, only in 2009 less than 50% of ‘new credits’  value was used for repaying old debts. The debt of local  governments in rural areas rose quickly but in examined  years the payments of interest were not a problem and took  less than 1% of budget incomes. In the future, it can  change because of the expected increase of debts and,  moreover, the interest rates could rise noticeably.},
      url = {http://ageconsearch.umn.edu/record/195655},
      doi = {https://doi.org/10.22004/ag.econ.195655},
}