Is the conflict container full, or which way is the container trailer going? – Issues of the transformation of the system of local governments

Abstract

In this article of his, András Vigvári undertook to evaluate the public service system of the local governments in a completely new light. In his thorough analysis built on detailed financial data, he first of all discusses the indebtedness of the local governments. His starting hypothesis, and at the same time, his approach, rests on the measurement of financial risks: he thinks that the credit portfolio is too high as compared to the budget of the local governments, besides which the conditional commitments of uncertain extents can also jeopardize the operability of the local public service system.