Fiscal rules in Poland and their effectiveness (Chosen legal and economic issues)

Authors

  • Krystyna Nizioł Szczecin University

DOI:

https://doi.org/10.4467/22996834FLR.18.010.9140

Keywords:

fiscal rules, government policy and regulation, public finance, law and economics

Abstract

In the paper effectiveness of the fiscal rules in Poland is analysed. The main purpose of the Polish fiscal rules is to limit the public debt. Therefore, the paper also analyses the amount of public debt in Poland. The main aim of the contribution is to confirm the hypothesis that the fiscal rules established in the Polish financial law were effective in limiting the public debt. The paper uses such scientific methods as analysis of economic and legal literature, and statistic data connected with the amount of public debt in Poland.

Downloads

Download data is not yet available.

References

Public debt in Poland. Annual Report, Warsaw: Ministry of Finance, 2012a).

Public debt in Poland. Annual Report, Warsaw: Ministry of Finance, 2017).

The Act of 29th August 2009 on Public Finance, Journal of Laws from 2013, item 785, as amended.

Buiter W.: The commandments for a fiscal rule in E(M)UM, London, 2003.http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.201.8395&rep=rep1&type=pdf.

Bukowski M., Kowal P., Lewandowski P., Zawistowski J.: Struktura i poziom wydatków i dochodów sektora finansów publicznych a sytuacja na rynku pracy. Doświadczenia międzynarodowe i wnioski dla Polski (Structure and level of expenditures and revenEUs of the sector of public finances and the situation at the labour market. International experiences and conclusions for Poland). Warsaw: National Bank of Poland, 2005.

Buti M., Guidice G.:: EMU’s fi scal rules: what can and cannot be exported, European Commission, 2002. https://www.researchgate.net/publication/229007051_EMU%27s_fi scal_rules_What_can_and_cannot_be_exported.

The Constitution of the Republic of Poland, of 2nd April 1997, Journal of Laws no. 78, item 483, as amended.

Działo J.: Fiscal Rules and Effective Fiscal Policy, Comparative Economic Research, no. 2 (2012a).

Działo J.: Ocena skuteczności reguł fi skalnych w Polsce (The evaluation of effectiveness of fiscal rules in Poland), Studia Prawno-Ekonomiczne (Legal and Economic Studies) vol. LXXXV (2012b).

Gaudemet P. M., Moliner J.: Finanse publiczne (Public finance), Warsaw: PWE Publishing, 2000.

Gupta S., Clements B., Baldacci E., Mulas-Granados C.: Expenditure Composition, Fiscal Adjustment, and Growth in Low – Income Countries, IMF Working Paper no. 77 (2002).

Justification to the project on the Act of 27 August 2009 on Public Finances (parliamentary printedmatter no. 1181), 2009. http://orka.sejm.gov.pl/Druki6ka.nsf/wgdruku/1181.

Kosikowski C.: Finanse publiczne i prawo finansowe (Public finance and finance law), Warsaw: WSPiZ Publishing, 2001.

Krajewski P., Mackiewicz M., Piłat K.: Th e optimal fiscal rule in the context of accession to the Eurozone, Economic Research-Ekonomska Istraživanja, vol. 28, no. 1 (2015). http://dx.doi.org/10.1080/1331677X.2015.1041779.

Kopits G., Symansky S.A.: Fiscal Policy Rules, IMF, Occasional Paper no. 162 (1998).

Marchewka-Bartkowiak K.: Numerical Fiscal Rules – The Experience of Poland, Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu (Reaserch Papers of WSB Universities),vol. 70, no. 5 (2016).

Marchewka-Bartkowiak K.: Reguły fiskalne (Fiscal rules), Analyses of the Bureau of Research of Sejm no. 7 (2010).

Nizioł K.: Fiscal Rules as an Instrument of Fiscal Consolidation (Chosen IssEUs), Bocconi Legal Paper (2013).https://works.bepress.com/bocconi_legal_papers/47/.

Nizioł K.: Prawne aspekty długu publicznego (The legal aspects of public debt), Szczecin.: Polgres Publishing, 2013.

The OECD Economic Outlook: Sources and Methods, OECD, 2001. http://statp.oecd.org/glossary/detail.asp?ID=984.

Oręziak L.: Finanse Unii Europejskiej (European Union finances), Warsaw: PWN Publishing, 2005.

The Public finance sector debt management strategy in the years 2018-2021, Warsaw: Ministry of Finance, 2017.

Rae G.: Public Debt and Its Impact on the Polish Economy and Society, Journal of Management and Business Administration. Central Europe vol. 24, no. 1 (2016).

Regulation of the European Parliament and Council (EU) No 1176/2011 of 16th November 2011 in case of prevention of disturbances of macroeconomic balance and their correction, Journal of Laws of 2011 no 306, item. 25.

Regulation of the European Parliament and Council (EU) No 1174/2011 of 16th November 2011 in case of enforcement of correction means of excessive of disturbances of macroeconomic balance in the Eurozone , Journal of Laws L of 2011 no. 306, item. 8.

Regulation of the Council No 1466/97 of 7 July 1997 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic Policies,OJ L 209, 2.8.1997.

Rybarski R.: Nauka skarbowości (The science of finance), Warsaw: F. Wyszyński i Sp. Publishing, 1935.

Sutherland D., Hoeller P., Merola R.: Fiscal consolidation: How much, how fast and by what means?, OECD Economic Policy Papers no. 1 (2012).

The Treaty of Functioning of the European Union, Journal of Laws EU C 115 from 9.5.2005, as amended.

Downloads

Published

17.09.2018

How to Cite

Nizioł, K. (2018). Fiscal rules in Poland and their effectiveness (Chosen legal and economic issues). Financial Law Review, (10(2), 45–59. https://doi.org/10.4467/22996834FLR.18.010.9140

Issue

Section

Articles