AMBIENTUM BIOETHICA BIOLOGIA CHEMIA DIGITALIA DRAMATICA EDUCATIO ARTIS GYMNAST. ENGINEERING EPHEMERIDES EUROPAEA GEOGRAPHIA GEOLOGIA HISTORIA HISTORIA ARTIUM INFORMATICA IURISPRUDENTIA MATHEMATICA MUSICA NEGOTIA OECONOMICA PHILOLOGIA PHILOSOPHIA PHYSICA POLITICA PSYCHOLOGIA-PAEDAGOGIA SOCIOLOGIA THEOLOGIA CATHOLICA THEOLOGIA CATHOLICA LATIN THEOLOGIA GR.-CATH. VARAD THEOLOGIA ORTHODOXA THEOLOGIA REF. TRANSYLVAN
The STUDIA UNIVERSITATIS BABEŞ-BOLYAI issue article summary
The summary of the selected article appears at the bottom of the page. In order to get back to the contents of the issue this article belongs to you have to access the link from the title. In order to see all the articles of the archive which have as author/co-author one of the authors mentioned below, you have to access the link from the author's name.
Authors: .
A budget deficit finds itself among the issues most often discussed in the field of the public finance. A budget deficit is influenced by factors of a varied character. It can result from excessive budgetary expenditure on the militarization of economy, on developed state ad¬ministration, transfers, public investments, or from the domestic and foreign debts service.In Poland a budget deficit appeared for the first time in 1980 and since then has been an inseparable element of the Polish public finance. Thus the deficits in those times were of apparent character. They resulted from most of all a redistribution activity, which manifested itself in high grants. In the studied period of time the amount of the budget deficit both in the nominal terms and in the relation to GDP was changeable. Nevertheless, every year the state budget was closed with a budget deficit, apart from 1990, when a budgetary surplus appeared. It should be emphasized that the deficits of the 1980s in the relation to GDP were considerably smaller than those in the 1990s or in the first decade of the 21st century. The aim of this paper is to describe the reasons for the occurrence of a budget deficit in Poland since the beginning of the 1980s and its relation to GDP in Poland until 2012.
Key words: balance of budget, budget deficit, budgetary surplus, excessive deficit procedure, public finance crisis, fiscal policy
