Proceedings of the 3rd Business & Management Conference, Lisbon

PUBLIC DEBT MANAGEMENT IN POLAND COMPARED TO OTHER COUNTRIES OF THE EUROPEAN UNION

OKSANA SEROKA-STOLKA , JUSTYNA LUKOMSKA-SZAREK

Abstract:

The paper discusses the issues of public debt which is generated by huge expenditure demands in countries without relatively high incomes. The problems connected with allocation and the significance of public debt have often risen much controversy. The process of public debt management has become particularly important in recent years. Both Poland and other European countries started to search for a model which, on the one hand, would contribute to economic growth and development of the country and, on the other hand, would ensure stability and would not shake the foundations of the country. Based on legal regulations and available statistical data for the period of 2004-2014, the level of public debt in Poland and the EU countries was evaluated and analysed. The aim of the paper is to demonstrate public debt management as an important instrument of state policy. Analysis concerned the structure, level and costs of public debt service. The methods of public debt management in Poland were also characterized.

Keywords: management, public debt, public finance, budget deficit

DOI: 10.20472/BMC.2016.003.021

PDF: Download