The condition of public finances and its impact on the level of inflation in Poland in 2011-2017

Krzysztof Dobrowolski , Grzegorz Pawłowski

Abstract

The aim of the article is to present the condition of the main elements of public finances: public finance deficit (budget deficit), public debt (state treasury debt) and public expenditure (budget expenditure) in Poland in 2011 - 2017 and on the basis of the described theoretical dependencies to determine their impact on the level of inflation during the period considered. The following methods were used in the research: analysis and logical construction and statistical methods . It was found that the state of public finances did not cause inflationary pressure in the analysed period. Inflation remained at a low level, with a tendency to transform into small deflation in some years. However, the abrupt increase in public spending in 2017 could be, according to the theory of economics, responsible ( or partly responsible) for the increase in inflation in 2017. Maintaining a high rate of public expenditure growth may stimulate inflation in subsequent periods.
Author Krzysztof Dobrowolski (FE / IMTST)
Krzysztof Dobrowolski,,
- Institute of Maritime Transport and Seaborne Trade
, Grzegorz Pawłowski (FE / DEP)
Grzegorz Pawłowski,,
- Department od Economic Policy
Journal seriesWspółczesna Gospodarka, ISSN 2082-677X, (B 9 pkt)
Issue year2018
Vol9
No4
Pages1-11
Publication size in sheets0.5
Keywords in Englishpublic finance, public debt, budget deficit, public expenditures, infl a tion
DOIDOI:10.26881/wg.2018.4.01
URL http://www.wspolczesnagospodarka.pl/wp-content/uploads/2019/01/Dobrowolski-Pawlowski-WG-4-2018-1.pdf
Languageen angielski
LicenseJournal (articles only); published final; Uznanie Autorstwa (CC-BY); with publication
Score (nominal)9
ScoreMinisterial score = 9.0, 24-07-2019, ArticleFromJournal
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