In the period 2007-2012 local governments in Poland conducted active investment policy, reaching even 15% share in total domestic investments. So high investment outlays caused fast growth of local government debt – from 25,9 bln PLN in 2007 to 67,8 bln PLN in 2012 i.e. 21% annual growth rate. Relative to local governments’ revenues debt grew from 19,7% to 38,2% in this period. The highest debt both in terms of debt to revenue ratio as well as per inhabitant is accumulated in the towns with county rights (large cities). It is 60% higher than in the rural boroughs which have the lowest debt level, including county debt. From the geographic perspective the differentiation of debt levels is high. The highest nominal and per inhabitant debt is in local governments from regions: Mazovia and Lower Silesia. However, the highest debt relative to revenues, which reflects the economic capacity, is in regions: Kuyavia and Pomerania, Lower Silesia and West Pomerania. The lowest debt level is in regions: Upper Silesia, Opole and Podlaskie. The least indebted towns with county rights are in Upper Silesia region – 9 of the best 10. Although the variation indicators for debt levels are high, they decreased over the last five years in all categories of local governments. The analysis of debt repayment capacity shows that several entities will encounter problems in this area, specifically rural counties. Simulations indicate that 13% of local governments would have to devote their total operating surplus increased by sale of property for over 10 years in order to repay their debt. Assuming that half of the surplus might go for continuation of investments then almost 40% of local governments (1062 entities) would need more than 10 years to repay their debts. The longest debt repayment period is in rural counties and towns with county rights. From geographical perspective the most difficult situation in terms of debt repayment is in regions: West Pomerania and Carpathian, and the best one is in Upper Silesia region.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.