Fiscal rules in the world and in Poland
Journal Title: Journal of Management and Business Administration. Central Europe - Year 2011, Vol 19, Issue 5
Abstract
It is absolutely necessary to implement changes in the public finance system at the level of the European Union as well as individual countries. One of the directions of the proposed innovations is the establishment of fiscal rules. Appropriate fiscal rules should allow for the realization of governmental economic programs, while ensuring the maintenance of the pre-designed framework of macroeconomic stability. In many EU countries there are some fiscal rules. Poland is one of the leaders in this respect. We have a rule concerning public debt, a new rule, the so-called disciplinary (temporary) expenditure rule, has been introduced, and also some progress has been made in stabilizing the (permanent) expenditure rule.
Authors and Affiliations
Marta Postuła
Keywords
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