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Expenditure sphere of Polish public finances in 2010. Trends in sector reform

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  • Przemysław Kolanowski

Abstract

Strength of country depends on its public\’s finance condition. Recently most of European\’s governments had a problem with the budget and the public debt. The same circumstances were in Polish public finance. In 2010 expenditures exceeded incomes, value of the budget deficit was about 45 billion zlotys. In compliance with ESA 95 standard the general government deficit reach almost 111.5 billion zlotys. That situation had impact to the public debt which amount 748.5 billion (the general government debt amount 778.2 billion zlotys). Although Poland had met convergence criterion, the public finance need reforms. In the article were presented three solutions. First of all, expenditures connected with the public administration and government consumption should be reduced. Secondly, reasonable cuts of benefits, especially unemployment benefits and groundless benefits, could bring savings which will be transferred to institution thatmanage the vocational activation. In the third place, the pension system needs intense reforms. System should be standardize and all of privileges have to be eliminated. Those solutions would be the beginning of greater changes.

Suggested Citation

  • Przemysław Kolanowski, 2012. "Expenditure sphere of Polish public finances in 2010. Trends in sector reform," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 29.
    • Handle: RePEc:eko:ekoeko:29_55
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    File URL: http://ekonomia.wne.uw.edu.pl/ekonomia/getFile/336
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    References listed on IDEAS

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    1. Tamagno, Edward, 2005. "The Canadian Pension System," Discussion Paper 278, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    2. Allen Schick, 2009. "Budgeting for entitlements," OECD Journal on Budgeting, OECD Publishing, vol. 9(2), pages 1-13.
    3. Daniel Tarschys, 2009. "The challenge of decremental budgeting," OECD Journal on Budgeting, OECD Publishing, vol. 9(2), pages 1-9.
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