7th Business & Management Conference, Budapest

THE MANAGEMENT OF THE PUBLIC FINANCE SECURITY OF POLAND

IWONA ŁADYSZ

Abstract:

Poland, like every European Union Member State, should treat financial security as a priority of its policy. Financial security of the state primarily concerns the safety of public finances. Ensuring good financial condition of the state not only allows its existence, but also its development. For that reason, limiting the value of the debt is necessary. At the same time, the state may take financial risks on the condition that it follows the order of law and its fundamental principles, allowing the building of mutual trust. The aim of the article is to present the state of public finances in Poland between 2007 and 2016 as one of the elements to build financial security of the country. An attempt was made to evaluate the stability of the financial policy conducted by the general government authorities as well as the level of the financial security. What should be particularly taken into account is the risk of a possible underestimation of the official debt, which may result in posing the threat to the financial security of Poland.

Keywords: management, financial security, public finances, public debt, public deficit, public finance sector

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