Kształtowanie się deficytu budżetowego i długu publicznego Polski podczas pandemii Covid-19

Abstract

Evolution of Poland’s budget deficit and public debt during the COVID -19 pandemic Purpose: The purpose of the chapter is to examine the evolution of the budget deficit and the sovereign public debt in Poland during the COVID-19 pandemic. Design/methodology/approach: The research question presented is: What is the impact of COVID-19 pandemic on the amount of state budget deficit and state public debt in Poland? The method of critical analysis of the literature on the subject was applied. Statistical data obtained from the Central Statistical Office and the Ministry of Finance were also presented. Findings: In 2020, the state budget deficit reached an unprecedented amount of 85 billion zloty, which is directly linked to the start of the COVID-19 pandemic, as the draft budget assumed no state budget deficit. Consequently, in 2020–2021 (Q1) there was a dynamic increase in public debt. Originality and value: The state budget result and the size of the public finance sector debt were lower than they should have been, because the vast majority of anti-crisis measures were financed from off-budget sources. Increased public spending increased the deficit and debt, but calculated using the Brussels method. The collected secondary data leads to the conclusion that the effect of the COVID-19 pandemic is also a decrease in the transparency of public finance in Poland.