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Analysis of the Public Debt Level and Structure in Poland Based on for Raports on the Implementation of the State Budget for 2015-2018
Abstract
Public debt as a phenomenon in the management of public finances is a serious challenge for many Countries in Europe and around the world with Poland being one of them because of its excessively high debt posing a threat to the stability of public sector and the entire economy. The Constitution of the Republic of Poland indicates that public debt should not exceed 3/5 of GDP. In similar fashion the Treaty establishing the European Community (Treaty of Maastricht of February 7, 1992) states the necessity of maintaining a balance between the debt and GDP at the level not exceeding 60%. The Public Finance Act, Section II, indicates what the government should do if one of the three debt-to-GDP ratios is exceeded. In the analyzed period, the statutory limits were not exceeded, but the public debt alone increases systematically.
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Financial management , Public finance , Public debtDownload files
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No. 15 (2019)
Published: 2019-12-31
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.