Fiscal rules in poland and their effectiveness (Chosenlegal and economic isseus)

Nizioł, Krystyna

doi:10.4467/22996834flr.18.010.9140

Cited by 3 publications

(2 citation statements)

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“…However, this does not always contribute to economic development, forasmuch as fiscal consolidation may lead to a recession or a decline in economic growth. Nizioł K. (2018), while studying the fiscal rule in Poland, proves that, in addition to fiscal discipline in the field of public spending, the fiscal rule effectively limits the growth of public debt, which has a positive effect on macroeconomic stability.…”

Section: Literature Reviewmentioning

confidence: 99%

Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland

Petrunenko

Lavrov

Kuybida

et al. 2023

Design, Construction, Maintenance

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A comparative analysis of the fiscal policy of Poland and Ukraine has been conducted in the academic paper in the context of its impact on economic development. In particular, the effectiveness of the application of the following instruments of fiscal policy has been compared, namely: state budget deficit, state budget expenditures and their structure, state budget revenues, their structure and tax benefits, as well as state debt policy. The basic advantages of Poland’s fiscal policy over Ukraine’s fiscal policy have been outlined. The attention is focused on the shortcomings of the fiscal policy of Ukraine from the point of view of its impact on economic growth, as well as ways of optimizing fiscal instruments, taking into account the experience of Poland. Purpose: a comparative analysis of the fiscal policy of Poland and Ukraine in order to determine the advantages and disadvantages of its impact on economic development, as well as to outline the vectors of adaptation of the best experience for the national economy. Design/Methodology/Approach: In order to achieve the purpose outlined, the following methods have been used, namely: analysis and synthesis; economic and statistical analysis and comparison; economic and mathematical; generalization. Results. It has been proved that the fiscal policy of Poland is aimed at the development of economic infrastructure and building an economic model of the state based on the manufacture of products with a high share of value added. It has been substantiated that the fiscal policy of Ukraine does not have significant effects on economic development due to the use of such instruments as public debt and capital expenditures, however, the external debt dependence of the state is quite high. Apart from that, it has been proved that the fiscal policy of Ukraine does not increase the level of economic complexity and development of the processing industry through the implementation of tax benefits. It has been proposed to increase the efficiency of tax authorities in Ukraine in terms of combating the shadow economy, boost the share of capital expenditures and raise the level of conversion of public debt into economic growth.

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Section: Literature Reviewmentioning

confidence: 99%

Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland

Petrunenko

Lavrov

Kuybida

et al. 2023

Design, Construction, Maintenance

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“…Fiscal rules are beneficial for macroeconomic stability (Gomez-Gonzalez et al, 2021). Nizioł (2018) proves that, in addition to fiscal discipline in public spending, the fiscal rule effectively limits the growth of public debt, which has a positive effect on macroeconomic stability. Ardanaz et al (2021) state that fiscal rules are flexible if they include features to accommodate exogenous shocks.…”

Section: Introductionmentioning

confidence: 99%

Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland

Sliusarchuk

Lavrov

Kuybida³

et al. 2021

Etikonomi

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In order to achieve the purpose outlined, this research uses the following methods: analysis and synthesis; economic and statistical analysis and comparison; economic and mathematical; generalization. The result shows that Poland's fiscal policy aims at developing economic infrastructure and building an economic model of the state based on the manufacture of products with a high share of value-added. However, the fiscal policy of Ukraine does not have significant effects on economic development due to the use of such instruments as public debt and capital expenditures. However, the external debt dependence of the state is relatively high. Nevertheless, it proves that the fiscal policy of Ukraine does not increase the level of economic complexity and development of the processing industry through the implementation of tax benefits. It proposes to increase the efficiency of tax authorities in Ukraine in terms of combating the shadow economy, boost the share of capital expenditures and raise the level of conversion of public debt into economic growth.JEL Classification: E62, F63, H21How to Cite:Petrunenko, I., Lavrov, R., Kuybida, V., Slatvinskyi, M., & Zelenskyi, A. (2021). Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland. Etikonomi, 20(2), xx– xx. https://doi.org/10.15408/etk.v20i2.22013.

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Managing Rural Areas in the Context of the Growing Debt of Polish Local Government Units

2020

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Local development is a long-term process of economic transformation. To make it happen, expenditure must be incurred, especially including investments. At a local level, the financial burden involved in the transformation is mostly on local government units. Although a three-level administrative system is in place in Poland, bottom-level units (municipalities) are largely responsible for driving local development. Polish rural areas make up over 90% of the national territory, and rural municipalities alone are home to 11 million people, i.e., 30% of the total population. Poland’s accession to the European Union and the ability of local government units (LGUs) to use Union funds contributed to local development, in particular by making many rural municipalities a more attractive place to live and invest in. However, a rapid increase in debt levels was another consequence. Excessive indebtedness of LGUs threatens not only their stable operation and local development but also the stability of the whole public finance sector. The main purpose of this study was to assess the level of and differences in indebtedness of Polish rural municipalities, and to identify the key socioeconomic conditions of debt. The analysis period was 2007–2017. This article used the TOPSIS routine to develop a synthetic indicator of municipal debt levels. An ordered logit model was also employed to identify the key conditions behind municipal indebtedness in Polish rural areas. This study found that, in 2007–2009, most rural municipalities (over 50%) recorded extremely low or low levels of debt while only one-fifth were at high or extremely high levels. In turn, already in 2015–2017, more than one-third of all rural municipalities were at a high or extremely high level of debt. The study also allowed to validate the research hypothesis formulated in this paper, namely that “the key reason for the growing level and diversity of indebtedness of Polish rural municipalities is the investment activity of local authorities in seeking funds from the European Union”.

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Fiscal rules in poland and their effectiveness (Chosenlegal and economic isseus)

Cited by 3 publications

References 1 publication

Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland

Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland

Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland

Managing Rural Areas in the Context of the Growing Debt of Polish Local Government Units

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