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ANALYSISOFTHEDEBTREPAYMENTPERIODS…
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conditionoftheLGUsectoringeneral,butalsoanalysesthediferentiationofthe
repaymentperiodbetweenindividualcategoriesofLGUsanddiversitywithin
thesecategories.
2.Dataandresearchmethod
Inthisstudy,allLGUsinPolandareanalysed(2,808unitsattheendof2016),
assignedtoindividualcategoriesoflocalgovernmentunitsaccordingtotheir
statusattheendof2016,i.e.1,559ruralboroughs,616urban-ruralboroughs,237
municipalities,314counties,66townswithcountyrightsand16provinces(mar-
shalofces).Inthe10yearscomprisedbythestudy,therewereseveralchanges
relatedtothechangeofcategoriesofindividualLGUs,usuallytoanurban-ru-
ralboroughfromaruralorurbanborough.Mostsignificantwasthechangeof
thecategoryoftheWałbrzychurbanboroughintoatownwiththerightsofthe
Wałbrzychcounty.Inaddition,theruralboroughofJaśliskawasestablishedin
theanalysedperiod,andtheruralboroughofZielonaGórawasincorporatedinto
thetownwiththerightsoftheZielonaGóracounty.Toensurecomparabilityof
databetweenthesecategories,inindividualyearsLGUswereassignedthecat-
egoryheldattheendof2016.
ThedatausedintheanalysiscomefromtheMinistryofFinance,fromthe
BeSTi@system.Asdebt,thesumoftheLGUliabilitiesfromtheRb-Zstate-
mentswasadopted.TheydonotincludeliabilitiesofLGUsfromalternativefi-
nancialinstrumentssuchasrealestateleasingorleaseback.Abroaddescription
oftheseinstruments,togetherwiththelistofLGUsusingthem,ispresentedin
(Kluza,2016a)aswellasin(Jastrzębska,2016).Theycurrentlyconstituteap-
prox.2%oftotalLGUcommitments(Jastrzębska,2017).Thisisasmallamount,
butoneshouldbearinmindthattheseinstrumentsaremainlyusedbyLGUsthat
areinaweakerfinancialcondition,thereforethesub-divisionsofthelongestdebt
repaymentperiodintheanalysisbelow,inPart3ofthestudy,maybeunderesti-
matedbyadozenorsoentities.
Theanalysespresentedinthisstudyarenotacomprehensiveassessmentof
thefinancialconditionoflocalgovernmentunitssincetheyonlyfocusonone
aspect-thehypotheticalrepaymentperiodofthedebtalreadyheldbylocalgov-
ernmentunits.However,acomprehensivediscussionofthissubjectisincluded,
amongothers,inPoniatowiczetal.(2010).Detailedapproachestoconducting
amulti-dimensionalratioanalysisofLGUsarepresented,amongothers,by
Banaszewska(2016)andCzudecandKata(2012).Proposalsforvariousmea-
suresdeterminingthefinancialattractivenessofLGUsarewidelydiscussedin
Dylewski(2009).ProposalsformeasuresconcerningtheassessmentofLGUs’
financialliquidityarepresented,amongothers,inDylewskiandFilipiak(2012),
andindicatorsshowingtheabilitytoservicedebtbasedonoperatingsurplusor
netdebtinKluza(2017).
Toassessthedebtrepaymentperiod,theequivalentofoperatingcashflowin
localgovernmentsiscalculated,whichispotentiallyavailableforrepaymentof
debt.Here,onecannotusethemeasurefromtheright-handsideoftheequation
