Finance of sections of public sector
- Credits: 5
- Ending: Examination
- Range: 2P + 1C
- Semester: winter
- Year: 2
- Faculty of Economics and Finance
Teachers
Included in study programs
Teaching results
Graduates of the subject Finance of sections of public sector with the statistical outputs presented in the classification of general government expenditure according to its functions will acquire knowledge about individual public sector sectors and will be able to forecast their development and perform financial control in public sector sectors. Graduates of the subject Finance of sections of public sector based on the data of the methodology and classification of the international standard COFOG (Classification of Functions of Government) will acquire the competence to forecast the economy and its individual branches - at the national and international level. Based on the COFOG classification, which is a classification of public administration activities, they will be skilled in classifying elements related to a selected sector of the public sector, that is, a certain topic - in a structured and hierarchical way. By understanding the processes in selected public sector sectors, they integrate these skills into their own proposals, decisions and will be able to formulate solutions and recommendations.
Indicative content
Knowledge of specifications of individual sections of public finance enables and their continuous, routine and follow-up inspection/controlling increase of effectivity in national economy. Public sector is an important part of economy and has irreplaceable task for securing public estates. Finance of sections of public sector subject analyses individual sections of national economy sorted into a sector of public administrative based of COFOG, which is inseparable part of System of national accounts (ESA 2010) used for statistical findings and international comparison of statistical data.
1. Functional classifications - COFOG, COICOP, COPNI, COPP (intended for statistical surveys and international comparison of statistical data) - an integral part of the System of National Accounts.
2. General public services in the statistical classification of public administration expenditures (SK COFOG) - foreign relations and foreign economic aid.
3. Defense in the statistical classification of public administration expenditures (SK COFOG) - military, civil, research in the field of defense.
4. Public order and security in the statistical classification of public administration expenditures (SK COFOG) - police services, courts, prisons, research in the field of public order and security.
5. Economic area in the statistical classification of public administration expenditures (SK COFOG) - agriculture, forestry, fisheries, hunting, fuels, mining, research and development in the economic area.
6. Environmental protection in the statistical classification of public administration expenditures (SK COFOG) - waste management, pollution, nature protection and research and development in the field of environmental protection.
7. Housing and civic amenities in the statistical classification of public administration expenditure (SK COFOG) - housing development, public lighting, and research and development in the field of housing.
8. Health care in the statistical classification of public administration expenditures (SK COFOG) - health care facilities, outpatient, institutional care, public health and research and development in the field of health care.
9. Recreation, culture and religion in the statistical classification of public administration expenditures (SK COFOG) - recreation, culture, religion, sports, publishing services and research and development in the given areas.
10. Education in the statistical classification of public administration expenditures (SK COFOG) - pre-primary, primary, secondary, tertiary and research and development in the field of education.
11. Social security in the statistical classification of public administration expenditure (SK COFOG) - illness, old age, unemployment, social assistance and research and development in the field of social security.
12. Control in public sector sectors.
Support literature
E. R. Yescombe, Edward Farquharson: Public-Private Partnerships for Infrastructure: Principles of Policy and Finance. SECOND EDITION, 2018. ISBN 978-08-100766-2
Statistical Classification of Public Administration Expenditures (SK-CO-FOG) for the needs of state statistics
Requirements to complete the course
30% seminar (20% semester work, 10% written work for continuous assessment)
70% written exam
Student workload
5x26 = 130
Attendance at lectures 26
Participation in seminars 13
Preparation for seminars 13
Elaboration of semester work 13
Preparation for the mid - term evaluation paper 13
Preparation for the exam 52
Total 130
Language whose command is required to complete the course
slovak
Date of approval: 11.03.2024
Date of the latest change: 27.01.2022