지방재정 건전성 측정방법: 재정압박 지수개발을 중심으로
A Method of Measuring Local Fiscal Health: Focusing on Developing Fiscal Stress Indices
0
조회
0
다운로드
32
인용
0
참고문헌
키워드
초록
The fiscal health of local government is essential to the provision of local public services. The term fiscal crisis was used recently, but the terms fiscal crisis and fiscal stress should be distinguished from one another. After reviewing the literature and operational definitions of fiscal crisis that have been utilized by state and local governments in the U. S. and Japan, this study argues that local government in Korea is in fiscal stress, which may lead to a fiscal crisis. This study also develops fiscal stress indices that measure fiscal pressures in terms of revenue, expenditure, operation, and debt. Revenue-related indicators include own-source revenue relative to total revenue, the growth rate of own-source revenue, and the disposable resources of local government. On the expenditure side, fixed costs, capital spending, and subsidy provisions to welfare agencies cause fiscal stress to local government. Internal operation measures include operating deficits as a percentage of total expenditure and ratios of current assets to current liabilities. Measures that stress the ability to meet debt obligations include debt divided by general revenues, per capita debt, and debt service as a percentage of general revenues. A reference group was used as a basis for comparison in order to measure the fiscal health of a particular local government.
Abstract
The fiscal health of local government is essential to the provision of local public services. The term fiscal crisis was used recently, but the terms fiscal crisis and fiscal stress should be distinguished from one another. After reviewing the literature and operational definitions of fiscal crisis that have been utilized by state and local governments in the U. S. and Japan, this study argues that local government in Korea is in fiscal stress, which may lead to a fiscal crisis. This study also develops fiscal stress indices that measure fiscal pressures in terms of revenue, expenditure, operation, and debt. Revenue-related indicators include own-source revenue relative to total revenue, the growth rate of own-source revenue, and the disposable resources of local government. On the expenditure side, fixed costs, capital spending, and subsidy provisions to welfare agencies cause fiscal stress to local government. Internal operation measures include operating deficits as a percentage of total expenditure and ratios of current assets to current liabilities. Measures that stress the ability to meet debt obligations include debt divided by general revenues, per capita debt, and debt service as a percentage of general revenues. A reference group was used as a basis for comparison in order to measure the fiscal health of a particular local government.
참고문헌 (32)
- 지방자치단체 재정난의 원인과 대책, "국회예산정책처", ~ (2010)
- 김동욱, "최근 외국지방자치단체의 재정위기 극복 사례", 지방재정과 지방세, pp.59~78 (2010)
- 김범식, "지방자치단체의 ‘재정위기’에 대한 실증분석", 지역연구, 15(1), pp.75~92 (1999)
- 김종웅, "자치단체 재정건전성 평가방안에 관한 연구: 재정평가지표를 이용한 경상북도의 사례를 중심으로", 경제연구, 12(3), pp.171~197 (2003)
- 김현아, "지방정부 재정위기 관리에 대한 논의", 재정포럼, pp.6~26 (2007), 한국조세연구원
- 남황우, "일본의 지방재정건전화 조치", 지방재정과 지방세, pp.140~159 (2010)
- 박병희, "지방재정, 위기인가", 지방재정과 지방세, pp.3~21 (2010)
- 서정섭, "우리나라 지방재정의 건전성 분석", 지방행정연구, 18(4), pp.237~256 (2004), 한국지방행정연구원
- 이상용, "지방자치단체의 선심성･전시성 예산의 통제방안", 지방재정과 지방세, pp.17~34 (2010)
- 이창균, "일본의 자치단체재정건전화법 도입에 의한 새로운 재정분석", 지방재정과 지방세, pp.148~162 (2008)
- 정재철, "미국 대도시의 재정위기와 지방정부의 대책: 뉴욕시를 중심으로", 재정논집, 13(2), pp.65~91 (1999)
- 조기현, "지방재정관리제도 운용실태와 개선방안: 지방재정위기 대응 방안을 중심으로" (2008), 한국지방행정연구원
- 한국지방행정연구원, "FY 2008 지방자치단체 재정분석 통계자료", ~ (2009)
- 행정안전부, "지방재정 건전성 강화방안", 국무회의 토론자료, ~ (2010)
- 행정안전부, "2010년도 지방자치단체 재정분석 편람" (2010)
- 행정안전부, "FY 2009 지방자치단체 재정분석 통계자료", ~ (2010)
- Aronson, J. R, "Is there a Fiscal Crisis Outside New York", National Tax Journal, 31(2), pp.135~155 (1978)
- Berne R, "The Financial Analysis of Governments" (1986), Prentice-Hall
- Citizens Research Council of Michigan, "Financial Emergencies in Michigan Local Government" (2010)
- Groves, S., "Financial Indicators for Local Government", Public Budgeting & Finance, (여름), pp.5~19 (1981)
- Groves, S, "Evaluating Financial Condition: A Handbook for Local Government", pp.2003, International City
- Kloha, P, "Developing and Testing a Composite Model to Predict Local Fiscal Stress", Public Administrative Review, 65(3), pp.313~323 (2005)
- Hendrick,R, "Assessing and Measuring the Fiscal Health of Local governments: Focus on Chicago Suburban Municipalities", Urban Affairs Review, 40(1), pp.78~114 (2004)
- Honadle,B.W, "The States' Role in U. S. Local Government Fiscal Crisis: A Theoretical Model and Results of a National Survey", International Journal of Public Administration, 26(13), pp.1431~1472 (2003)
- Inman.R.P, "How To Have a Fiscal Crisis: Lessons from Philadelphia", AEA Papers and Proceedings, 85(2), pp.378~383 (1995)
- Morgan. D. R, "Explaining Fiscal Stress Among Large U. S. Cities Toward an Integrative Model", Policy Studies Review, 3(1), pp.73~78 (1983)
- Office of the New York State Comptroller, "Financial Condition Analysis" (2002)
- Sohl, S, "Measuring the Financial Position of Municipalities: Numbers Do not Speak for Themselves", Public Budgeting & Finance, (가을), pp.74~96 (2009)
- Stein,R, "The New York City Budget: Anatomy of a Fiscal Crisis", FRBNY Quarterly,Review, (겨울), pp.1~12 (1976)
- Standard, "U.S. Public Finance: Key General Obligation Ratio Credit Ratings: Analysis vs. Reality" (2008)
- Fiscal Watch Law Fact Sheet, "Local Government: Fiscal Emergency", pp.2010, State of Ohio
- Wang, X., "Measuring Financial Condition: A Study of U.S. States", Public Budgeting & Finance, (여름), pp.1~21 (2007)