Risk in Local Government Investment Activities in Poland Financed by EU Structural Funds
18 Pages Posted: 4 Dec 2015
Date Written: December 2, 2015
The purpose of this article is to present the interdependence of effective investment activities financed by the Structural Funds of the European Union and risk management in local government units. The study relates to public entities, since this sector is characterised by a large number of ongoing and often concurrent projects, fund disbursement discipline as well as the legal requirement of internal control, including risk management processes. Furthermore, the projects are often financed with external resources, coming in recent years from the EU Structural Funds. This presents an opportunity for the conduct of a greater number of more advanced projects, which generate new risks associated with the acquisition and disbursement of these funds.
Keywords: government, investment, risk
JEL Classification: L32, L50
Suggested Citation: Suggested Citation