TY - JOUR N2 - All local government units in Poland have been analysed regarding their consolidated debt. The consolidated debt was compared with the budget debt which is subject to monitoring and statutory restrictions. The scale of extra-budgetary debt has been revealed as recorded in the balance sheet of a local government unit, a parent entity. In practice, the consolidated balance sheet and debt presented in it are not subject to debates and analyses. Local governments refrain from auditing and publicising of the consolidated balance sheet. The article describes the risks related to unlimited local government debt. L1 - http://journals.pan.pl/Content/109421/PDF/9%20Czekaj.pdf L2 - http://journals.pan.pl/Content/109421 PY - 2018 IS - No 1 EP - 160 DO - 10.24425/finanse.2018.125397 KW - consolidated balance sheet KW - debt burden KW - local government units A1 - Czekaj, Mieczysław PB - Komitet Nauk o Finansach PAN DA - 2019.01.02 T1 - The consolidated debt of local government units in Poland SP - 151 UR - http://journals.pan.pl/dlibra/publication/edition/109421 T2 - Finanse ER -