Economic results represent one of the basic characteristics of public budget and thus the municipal budgets. A specific situation arises in the Czech Republic when applying budgetary principles such as the monitoring of annual financial management, evaluation of budget equilibrium, budget publicity, and the own practical rules of financial management in the municipalities. This specific situation is usually different from the one that can be usually derived from the result of budgetary management. In the paper, there are analysed the planned and actual outcomes of budgetary management on the selected sample of CR municipalities, as well as their causal connections related mainly to the fact that the budget deficit of the most municipalities does not mean the creation of their debt. It is only a reflection of temporal implications of utilization the resources or the whole budgetary process with no impact on the growth of debt.
