The Evolution of Public Debt, Gross Domestic Product and Inflation Rate in Poland in 2015-2021
Aleksandra Lipka
Faculty of Economic Sciences, University of Warmia and Mazury in OlsztynDaria Nowacka
Faculty of Economic Sciences, University of Warmia and Mazury in OlsztynAndrzej Rzeszutek
Faculty of Economic Sciences, University of Warmia and Mazury in Olsztynhttps://orcid.org/0000-0002-7832-8634
Resumen
The research aimed to assess the amount of public debt, GDP, and inflation in Poland and to forecast it for the period 2022-2026. The amount of public debt in the years under study, and two macroeconomic measures, GDP and inflation, were analyzed.
The research was conducted based on data obtained from the Central Statistical Office, the Ministry of Finance, and Eurostat. One of the main research objectives of the study was to find a relationship between the level of GDP and public debt. To this end, vertical analysis of the acquired data was carried out and Pearson linear correlation coefficients were calculated. Another important aspect addressed in the study was the magnitude of average annual inflation rates, compared to the volume of public debt. To this end, the focus was on carrying out a vertical analysis of the variables that made it possible to find relationships between inflation and public debt. The focus was also on examining the share of public debt in GDP for Poland related to selected EU member states. The analysis was carried out in three countries each with a high and low correlation of the indicator under study.
The analysis carried out allowed for the confirmation of the hypotheses put forward in this study that public debt is correlated with both GDP and the level of inflation in Poland. The estimated forecasts made it possible to conclude that the public debt will gradually increase over the next 5 years.
Palabras clave:
GDP, sovereign debt forecast, national budget forecasting, national budget, inflationCitas
Karmela, Z. (2019). Wpływ zadłużenia publicznego na dynamikę wzrostu gospodarczego w krajach Europy Środkowo-Wschodniej. Ekonomia Międzynarodowa, 26, 74-95. http://dx.doi.org/10.18778/2082-4440.26.01
Crossref
Google Scholar
Keynes, J.M. (2003). Ogólna teoria zatrudnienie, procentu i pieniądza. Warszawa: Wydawnictwo Naukowe PWN. Google Scholar
Marchewka-Bartkowiak, K. (2022). Państwowy dług publiczny (dług sektora finansów publicznych). Sejm Rzeczypospolitej Polskiej. Leksykon budżetowy. Retrieved from https://www.sejm.gov.pl/sejm8.nsf/BASLeksykon.xsp?id=0995CC7 07B643F7DC1257A6200388390&litera=P (28.11.2022). Google Scholar
Moździerz, A. (2009). Nierównowaga finansów publicznych. Warszawa: PWE. Google Scholar
Piątkowski, P. (2020). Dług publiczny a procesy inflacyjne w Polsce. Białystok: Wydawnictwo Uniwersytetu w Białymstoku. Google Scholar
Połomka, J., & Zalewska, M. (2015). Dług publiczny w Polsce – instytucjonalne możliwości jego redukcji. Optimum. Studia Ekonomiczne, 1(73), 167. http://dx.doi.org/10.15290/ose.2015.01.73.14
Crossref
Google Scholar
Reinhart, C., Reinhart, V., & Rogoff, K. (2012). Public Debt Overhangs: Advanced – Economy Episodes Since 1800. Journal of Economic Perspectives, 26(3), 69-86. http://dx.doi.org/10.1257/jep.26.3.69
Crossref
Google Scholar
Smith, A. (2007). Badania nad naturą i przyczynami bogactwa narodów. Warszawa: Wydawnictwo Naukowe PWN. Google Scholar
Tobera, P. (2019). Problem istnienia ryzyka zobowiązań potencjalnych i długu ukrytego w finansach publicznych na wybranych przykładach. Studia Prawno-Ekonomiczne, 110, 314. http://dx.doi.org/10.26485/SPE/2019/110/17
Crossref
Google Scholar
Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn
Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn
Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn
https://orcid.org/0000-0002-7832-8634
Licencia
![Creative Commons License](http://i.creativecommons.org/l/by-nc-nd/4.0/88x31.png)
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-SinDerivadas 4.0.
An Author declares that his paper has not been published before (under the same or another title, or is a part of another publication) and does not infringe copyrights of other persons**. At the same time, the Author transfers to the Publisher the exclusive right to publish and to circulate this work in print in the form of a non-serial journal publication and in a form of an electronic publication.
The journal is available on Creative Common license CC-BY-NC-ND