Legal and financial consequences of introducing new act on public finances for local governments.
October, 2009 - Warsaw
On 18th September 2009, the President of Poland signed new act on public finances, which shall be in force since 1st January 2010. New regulations shall subject all local government units to significant changes.
How to prepare for new regulations as necessary and on time?
Performance budget – how and when it should be created, we identify and try to avoid well-known traps!
Following issues were debated during the conference:
• What are the main assumptions and purposes of the new act on public finances?
• What changes shall the new act introduce into the public finances sector?
• Budgetary enterprises of local governments – scope of activity, rules of financing, rules and dates of transformations or liquidation.
• Liquidation of budgetary enterprises and establishing municipal company – public aid issues.
• Long-term financial forecast and its impact on the annual budget.
• Performance budget – experiences and conclusions.
• New formula of the individual liability ratio and its impact on issuing bonds and receiving credits.
• Provisions of the new act and disbursement of the EU funds.
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