Efficiency of Slovak municipalities’ expenditure on services for senior citizens

Abstract

Efficiency in using resources to achieve desired results at the lowest possible cost is not important only for profit-making subjects, but also for non-profit subjects. Economic efficiency of public administration is a permanent topic in Slovakia. Local self-government, represented by municipalities, is an important part of public administration and deals with questions of local importance. In the context of population ageing, the issue of funding care needs of the elderly is addressed in this paper. The paper describes and analyzes social-related expenditures in Slovakia, especially those for taking care of older people in municipalities. It studies the efficiency of Slovak municipalities in allocating financial resources to satisfy potential needs of their seniors by using appropriate mathematical and statistical methods.