Public debt and Poland's financial security

Abstract

In an era of rapidly advancing indebtedness in many countries of the world, issues of public debt and its impact on the financial security of the state have been, are and will continue to be topical. The phenomena of inflation, stagnation and sometimes recession, which are the consequences of the Covid-19 pandemic and the war in Ukraine, affect many EU Member States, making the issue of excessive budget deficits and the growing risk of insolvency the focus of public attention once again. In this context, it is worth taking a look at the legal solutions and practices in Poland in order to have a view on this issue. Instruments and solutions that may contribute to the reduction of public debt, which would facilitate the shaping of Poland's financial security, deserve particular attention.