Zrównoważenie sektora finansów publicznych w Polsce w kontekście wskaźników stabilności fiskalnej

Tomasz Uryszek

doi:10.18778/0208-6018.341.01

Authors

Tomasz Uryszek University of Lodz, Faculty of Economics and Sociology, Institute of Finance, Banking Department http://orcid.org/0000-0003-4892-3747

DOI:

https://doi.org/10.18778/0208-6018.341.01

Keywords:

General Government, sustainability, public debt, primary deficit

Abstract

The aim of the article is to assess the degree of sustainability of the public finance sector in Poland. Such a research goal is accompanied by the following research hypothesis: high values of primary deficits make it impossible to stabilize the level of public debt even in the long run. The analysis uses the concept of the so‑called fiscal sustainability indicators proposed, among others, by Buiter, Blanchard, Rudin and Smith. Reference was made to the Ponzi scheme in the context of the state solvency. The study used data from Eurostat and the Directorate General for Economic and Financial Affairs of the European Commission. The data come from the period 2001–2017. Forecasts for 2018 and 2019 were also used. The results for Poland were compared to the values for all EU countries.

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Author Biography

Tomasz Uryszek, University of Lodz, Faculty of Economics and Sociology, Institute of Finance, Banking Department

Tomasz Uryszek, Ph.D.is an Assistant Professor at the Department of Banking, Faculty of Economics and Sociology and the vice director of the Institute of Finance at the University of Lodz. He specializes in the area of public debt, fiscal deficit, public funds management and fiscal sustainability. Author and co-author of over 60 publications: books, chapters in books and scientific articles. He undertook internships in Justus-Liebig University in Giessen (Germany), FMU University in Sao Paulo (Brazil) and IC2 Institute at the University of Texas at Austin (USA).

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