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  1. 1 Contemporary Economics

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  1. 1 Kocurek K.

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  1. 1 2008

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SOURCES EVOLUTION OF BUDGET DEFICIT'S FINANCING IN POLAND SUBJECT TO PUSH-OUT EFFECT (Ewolucja zrodel finansowania deficytu budzetowego w Polsce z uwzglednieniem efektu wypychania)

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Kocurek K.
Contemporary Economics
|
2008
|
issue 3(7)
21-30
EN
In the article, the author analyses sources of budget deficit's financing in the transformation period in Poland. Firstly, different instruments that can balance expenses of state's budget over its income are presented. Then an analysis of the structure of deficit's financing and its consequences for the economy is made. The author pays attention to efficiency of the fiscal expansion in the short and long term and describes the direct and indirect push out effect. In result performed analysis it is claimed that the choice of sources of deficit's financing has the fundamental significance for the economic policy.
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