The Problem of Hidden Public Debt in Poland Cover Image

Problem ukrytego długu publicznego w Polsce
The Problem of Hidden Public Debt in Poland

Author(s): Alicja Kasperowicz-Stępień
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie
Keywords: public debt; hidden public debt; budget deficit; cost of public debt services

Summary/Abstract: The largest problem facing Polish public finance today is the rapid growth in public debt and the attendant costs of servicing it. According to government calculations, in 2010 public debt reached 54.9% of GDP. Yet to the government calculations must be added hidden public debt, which actually measures 180% of GDP. This paper analyses the level of evident and hidden public debt in Poland.

  • Issue Year: 907/2013
  • Issue No: 07
  • Page Range: 33-41
  • Page Count: 9
  • Language: Polish