Can we talk about the security of public finance in Poland? – the state and prospects
Journal Title: Optimum. Economic Studies - Year 2018, Vol 92, Issue 2
Abstract
Purpose – The pervasiveness and persistence of budgetary imbalances and systematic growth of public debt in Poland and in the majority of modern countries has resulted in the fact that the subject of public finance security is important and topical. The aim of the article is to analyse the state of public finance security in Poland, to characterise selected determinants influencing security and to indicate current and future threats. Methods – Analysis of national and foreign source literature, primary and secondary statistical data (desk research), deductive reasoning. Approach – The location of public finance security within economic and financial security, indicating the foundations and pillars of national economic security, discussing the determinants of public finance security theoretically and practically, analysis and inference in the scope of three categories of deficit and public debt (of the government budget, public finance sector and general government), indicating threats to Polish public finance which, according to the author, affect not only currently but may also affect the future. Findings – The analysis presented in the article demonstrates that the phenomenon of imbalance in national finance has become an inherent part of the Polish practice of public funds management. The budgetary deficit, which has been present for over thirty years, as well as systematic growth of public debt, result in the fact that the threats of the destabilising role of public finance in relation to the whole financial system and the real economy have become one of the main challenges for Polish authorities. The fact of presenting not very reliable data in public statistics is also worrying. Lowering some economic indicators is not a new problem; in total, in the years 2004–2016 the deficit of public finance sector was underestimated by PLN 158.6 billion.
Authors and Affiliations
Jolanta Maria Ciak
Keywords
Related Articles
- EP ID EP424694
- DOI 10.15290/oes.2018.02.92.02
- Views 66
- Downloads 0
Kiedy zaczęło się odradzanie gospodarki rynkowej w Polsce?
Autor broni tezy o decydującym wpływie na kształt gospodarki polskiej na przełomie XX i XXI wieku reform ekonomicznych podjętych przez, pierwszy po II wojnie światowej, demokratyczny rząd kierowany przez Tadeusza Mazowie...
Zastosowanie metody UTA do wspomagania podejmowania decyzji o finansowaniu startupów działalności gospodarczej
Powodzenie ekonomiczne inwestycji w sektorze przedsiębiorstw jest obarczone różnymi czynnikami ryzyka. Ocena wniosku o udzielenie kredytu lub dofinansowanie projektu inwestycyjnego jest złożonym problemem, wymagającym wn...
Multi-formatted character of the concentration of retail food market in Poland
The paper discusses the issue of concentration of the retail food market in Poland. This phenomenon is dominated by the international operators of large-surface networks. However, the entities managing small-format netwo...
Zastosowanie skierowanych liczb rozmytych w modelu równowagi rynkowej
W pracy rozważono liniowy model równowagi rynkowej, w którym parametry są liczbami rzeczywistymi. W modelu tym zakłada się, że popyt i podaż zależą tylko od ceny, a czynniki pozacenowe są niezmienne. Jednak, by uzyskać b...
Tax Expenditures as An Example of Fiscal Illusion
The identification and estimation of the extent of fiscal illusion in the public finance system seems neces¬sary to ensure the transparency of government activity. A lack of transparency of all the operations using publi...