CHANGES OF THE ECONOMIC SITUATIONVS. THE STATE OF PUBLIC FINANCES IN POLAND IN 2007-2015

• Authors: Mariusz Zieliński
• Languages of publication: EN

Abstracts

EN

The paper is devoted to the analysis of the impact of changes in the level of economic growth on the volumes deciding about the condition of public finances. The main hypothesis put forward in the paper is the assertion that the changes of the economic situation affect substantially the state of public finances, causing changes on the level of revenues and expenditures of public sector. The second hypothesis is the assertion that fiscal policy in Poland, in the analyzed period, was of a passive nature. The paper contains data analysis of the period between 2007 and 2015 provided by the Central Statistical Office with the use of correlation rates. Statistically significant negative dependence was observed between GDP growth and expenditures of the State budget, total public debt and government sub-sector debt. Such results indicate the dominance of passive fiscal policy during the analyzed period.

Keywords

EN

economic cycle; economic growth; recession; public finance sector; GDP

• Publisher: Wyższa Szkoła Finansów i Prawa w Bielsku-Białej
• Journal: Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej
• Year: 2017
• Issue: 2
• Pages: 118-129

Dates

published

2017-10-15

Contributors

author

Mariusz Zieliński

• Uniwersytet Opolski

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