Investment incentives as a tool of active employment policy
| Audit Id | 1474637568872 |
|---|---|
| Title | Investment incentives as a tool of active employment policy |
| Title in original language |
Investiční pobídky jako nástroj aktivní politiky zaměstnanosti Czech |
| Year | 2016 |
| Subject |
Employment, Jobs and Careers Government Operations (Budget and Spending) |
| Type |
Compliance/Legality |
| Type of performance |
Performed by single SAI |
| Comments | The Supreme Audit Office (SAO) performed an audit at the Ministry of Labour and Social Affairs and at the Labour Office of the Czech Republic and scrutinized funds used for training activities and creating new jobs through investment incentives in the period from 2012 to 2014. During the audited period, the Ministry provided the Labour Office with some CZK 1,400 million for investment incentives, out of which CZK 278 million were paid by the Labour Office to companies. Auditors scrutinized all the funds as well as some of the funds, which were used at selected 15 companies, which received the investment incentives. The said companies received CZK 233 million (more than 80 % of the sum). According to the audited data, 4 916 new job vacancies were created by the audited companies from 2003 to 2013, which cost CZK 800 million. On average, one job vacancy created with the help of investment incentives cost CZK 163,000. Originally, only about CZK 50,000 were used from the national budget to create one job vacancy, while the amounts increased to CZK 200,000 after the end of 2013 and even to CZK 300,000 in some industrial areas in mid-2015. These amounts only included investment incentives for the creation of new jobs as the investors also received further financial support from the State, for instance tax advantages. |
| Author |
Czech Republic |
| Materials |
Audit report Czech Press release English Press release Czech |
| Contact |
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