1st April 2013

Government: subsidies at the municipal and regional levels under public control

At its last session on 27 March, the Government passed the proposal of the Ministry of Finance of an amendment to the Act on Budget Rules at Municipal and Regional Level (zákon o rozpočtových pravidlech územních celků). The Ministry of Finance intends to regulate subsidy granting at the sub-national level. The main principles of the amendment stipulate the duty of municipal and regional authorities to publicize contracts, aims (intention), and using of subsidies. Furthermore, the amendment stipulates condition for subsidies granting and various types of financial support from public budgets.
The Ministry of Finance announces partial collision of the amendment with private members’ bills concerning the publication of contracts.
The Bill is heading to the Chamber of Deputies.
For further information, click here (explanatory report).

Members of the American Chamber of Commerce in the Czech Republic