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Zarządzanie długiem publicznym jako ważny instrument polityki państwa/Public debt management as valid state policy instrument

Author

Listed:
  • Kamil Borowski

    (Doktorant Katedry Finansów Publicznych, Instytut Finansów, Bankowości i Ubezpieczeń, Wydział Ekonomiczno-Socjologiczny, Uniwersytet Łódzki; Katedry Zarządzania Miastem i Regionem, Wydział Zarządzania, Uniwersytet Łódzki)

Abstract

Problems related to the management of the public finance sector are still valid. It is associated with excessive budget deficits values and very high levels of debt. This situation causes a drop in investor confidence, as well as reducing the credibility of the state. The financial highlighted the problems Polish public finance sector.The goal of this article is present the public debt management as an important instrument of state policy. Using the legal regulations and the available statistic of the years 2005-2013 specified level and debt service costs. As a result, the analysis demonstrated that the cost of debt countries have an impact on the budget. In addition, measures are needed and the reform of public finances, in order to achieve comprehensive cost minimization in the long term.

Suggested Citation

  • Kamil Borowski, 2014. "Zarządzanie długiem publicznym jako ważny instrument polityki państwa/Public debt management as valid state policy instrument," Journal of Finance and Financial Law, University of Lodz, Faculty of Economics and Sociology, Faculty of Law and Administration, vol. 3(1), pages 21-36, February.
    • Handle: RePEc:ann:jofafl:v:3:y:2014:i:1:p:21-36
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    File URL: http://finanseiprawofinansowe.uni.lodz.pl/Publikacje/3/Borowski.pdf
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    References listed on IDEAS

    as
    1. Barro, Robert J, 1979. "On the Determination of the Public Debt," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 940-971, October.
    2. Miguel A. Segoviano & Carlos Caceres & Vincenzo Guzzo, 2010. "Sovereign Spreads: Global Risk Aversion, Contagion or Fundamentals?," IMF Working Papers 2010/120, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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