Effect of the COVID-19 Pandemic on the Management of Czech Regions: The Case of the Moravian-Silesian Region

Abstract

The aim of the article is to examine the financial effects of the COVID-19 pandemic on the management of Czech regions, especially in the Moravian-Silesian region Significant pressure to deepen the imbalance between public revenue and spending is reflected at the level of regional budgets First, empirical evidence is provided, focusing on Czech regional budgets before the pandemic The results suggest a very good financial condition in Czech regions, as regularly confirmed by the fulfilment of a set of Ministry of Finance monitoring indicators Next, the article centres on the main measures in the financial management of the Moravian-Silesian region The Regional Council implemented 296 budgetary measures, amounting to 41 5 billion CZK, as a response to the COVID-19 pandemic in 2020 Responsible financial management of the Moravian-Silesian region was also confirmed by the approval of a favourable loan in December 2020, which will enable us to continue investing in spite of the impact of the COVID-19 pandemic © The Author(s) 2021