Dnes p\u00ed\u0161e J\u00e1n Oravec<\/p>\n
Britsk\u00fd t\u00fd\u017edenn\u00edk The Economist\u00a0m\u00e1\u00a0na svojej\u00a0webovej str\u00e1nke hodiny, ktor\u00e9 ukazuj\u00fa, ako sa ka\u017ed\u00fa sekundu zvy\u0161uje glob\u00e1lny dlh. Je na nej aj mapa sveta, na ktorej s\u00fa krajiny odl\u00ed\u0161en\u00e9 pod\u013ea miery zadl\u017eenia. Jedn\u00fdm kliknut\u00edm na roky 2000 a\u017e 2012 mo\u017eno sledova\u0165 akceler\u00e1ciu zadl\u017eovania. Taktie\u017e mo\u017eno jednoducho zobrazi\u0165 z\u00e1kladn\u00e9 \u00fadaje o dlhu kraj\u00edn, jeho celkovej v\u00fd\u0161ke, o pomere zadl\u017eenia k HDP, o v\u00fd\u0161ke zadl\u017eenia na jedn\u00e9ho obyvate\u013ea \u010di o medziro\u010dnej zmene.<\/p>\n
Ak niekto h\u013ead\u00e1 povzbudenie do bud\u00facnosti, tak dlhov\u00e9 hodiny The Economist mu ho ur\u010dite neposkytn\u00fa. N\u00e1zorne toti\u017e ilustruj\u00fa, \u017ee ak sa krajiny nespam\u00e4taj\u00fa a neprestan\u00fa zvy\u0161ova\u0165 zadl\u017eovanie, svet sa len \u0165a\u017eko vyhne finan\u010dn\u00e9mu kolapsu. Ak by hodiny zachytili o\u010dak\u00e1van\u00fd v\u00fdvoj po roku 2012, za predpokladu, \u017ee by sa ni\u010d podstatn\u00e9 nezmenilo, nepochybne by ukazovali, \u017ee miera akceler\u00e1cie dlhov\u00e9ho probl\u00e9mu by sa zvy\u0161ovala s ka\u017ed\u00fdm \u010fal\u0161\u00edm rokom.<\/p>\n
K\u013e\u00fa\u010dov\u00fdm probl\u00e9mom nie je v\u00fdpadok pr\u00edjmov verejn\u00fdch financi\u00ed v d\u00f4sledku ned\u00e1vnej kr\u00edzy, ktor\u00fa mnoh\u00ed ozna\u010dovali za finan\u010dn\u00fd armagedon. Najr\u00f4znej\u0161ie techniky zvy\u0161ovania dan\u00ed a odvodov (h\u00fdbanie sadzbami, roz\u0161irovanie z\u00e1kladov, z ktor\u00fdch sa dane a odvody platia) m\u00f4\u017eu do\u010dasne zlep\u0161i\u0165 bilanciu verejn\u00fdch financi\u00ed, ale ak zoberieme do \u00favahy ich negat\u00edvne\u00a0efekty\u00a0na bud\u00faci ekonomick\u00fd rast, v \u017eiadnom pr\u00edpade nie s\u00fa rie\u0161en\u00edm narastaj\u00faceho dlhu.<\/p>\n
K\u013e\u00fa\u010dov\u00fdm probl\u00e9mom s\u00fa v\u00fddavky, najm\u00e4 tie, na ktor\u00e9 s\u00fa do bud\u00facnosti vl\u00e1dy zaviazan\u00e9 z\u00e1konmi, na ktor\u00e9 v\u0161ak nemaj\u00fa a nebud\u00fa ma\u0165 financie. Pod\u013ea odhadov v\u0161etk\u00fdch in\u0161tit\u00faci\u00ed, ktor\u00e9 analyzuj\u00fa o\u010dak\u00e1van\u00fd v\u00fdvoj verejn\u00fdch v\u00fddavkov, nadobudn\u00fa otv\u00e1raj\u00face sa no\u017enice medzi v\u00fd\u0161kou tzv. mandat\u00f3rnych v\u00fddavkov a ich finan\u010dn\u00fdm kryt\u00edm obludn\u00e9 rozmery.<\/p>\n
Bohu\u017eia\u013e, vl\u00e1dy sa st\u00e1le pr\u00edli\u0161 zaoberaj\u00fa hasen\u00edm pokr\u00edzov\u00e9ho v\u00fdpadku pr\u00edjmov a skuto\u010dn\u00e1 snaha rie\u0161i\u0165 probl\u00e9m bud\u00facich mandat\u00f3rnych v\u00fddavkov, ktor\u00e1 si vy\u017eaduje aj politick\u00fa odvahu, je sk\u00f4r v\u00fdnimkou. \u010co z toho vypl\u00fdva pre n\u00e1s? Vl\u00e1dou navrhovan\u00e9 zmeny v odvodoch s\u00edce na\u0161tartovali po dlh\u0161om \u010dase op\u00e4\u0165 intenz\u00edvnej\u0161iu verejn\u00fa diskusiu, nesmieme v\u0161ak dovoli\u0165, aby probl\u00e9m odvodov\u00e9ho syst\u00e9mu zatienil skuto\u010dn\u00fd probl\u00e9m, probl\u00e9m zni\u017eovania bud\u00facich mandat\u00f3rnych v\u00fddavkov. O \u0148om by sa \u010do najsk\u00f4r mala\u00a0za\u010da\u0165\u00a0celospolo\u010densk\u00e1 diskusia.<\/p>\n
Potrebujeme toti\u017e ma\u0165 strat\u00e9giu prisp\u00f4sobenia bud\u00facich mandat\u00f3rnych v\u00fddavkov bud\u00facim finan\u010dn\u00fdm\u00a0mo\u017enostiam, ktor\u00e1 bude realistick\u00e1, d\u00f4veryhodn\u00e1, a ktor\u00e1 si aj z\u00edska \u0161ir\u0161iu podporu. Ak sa n\u00e1m to nepodar\u00ed, m\u00f4\u017eeme sa te\u0161i\u0165 na finan\u010dn\u00fd armagedon 2.0.
\nAutor je prezidentom Zdru\u017eenia podnikate\u013eov Slovenska a Nad\u00e1cie F. A. Hayeka<\/p>\n
Autor: J\u00e1n Oravec \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Zdroj: finweb.hnonline.sk<\/a><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Dnes p\u00ed\u0161e J\u00e1n Oravec Britsk\u00fd t\u00fd\u017edenn\u00edk The Economist\u00a0m\u00e1\u00a0na svojej\u00a0webovej str\u00e1nke hodiny, ktor\u00e9 ukazuj\u00fa, ako sa ka\u017ed\u00fa sekundu zvy\u0161uje glob\u00e1lny dlh. Je na nej aj mapa sveta, na ktorej s\u00fa krajiny … <\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1072"}],"collection":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/comments?post=1072"}],"version-history":[{"count":2,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1072\/revisions"}],"predecessor-version":[{"id":1074,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1072\/revisions\/1074"}],"wp:attachment":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/media?parent=1072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/categories?post=1072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/tags?post=1072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}