| Summary: | Public economics examine the influence of the state on
economic equality and efficiency, and on conduction of
business entities in connection with the various tax
systems and individual behavior in private consumption.
Long-term sustainability of public finances is in the
interests of society as a whole and therefore is
interesing for scientific research worldwide. From a
budgetary perspective, the public economy in the Czech
Republic is characterized mainly by the state budget,
6,249 municipal budgets and 14 budgets of local
government units. These all units are together subject to
annual statutory audit, which mainly represents the
analysis of the system of the audit informative and
monitoring indicators. Analyzed data and indicators were
obtained from sources of Czech Statistical Institute and
Czech Ministry of Finance with the follow use of absolute
and relative indicators applied for each size group of
public budget entity. On this basis the paper suggests
possible changes and consolidation of municipal and
local government budgets in the Czech Republic.
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