Problem „rolowania” długu samorządowego i jego implikacje dla bezpieczeństwa finansowego JST
The problem of rollover of sub-central governments’ debts and its consequences for financial safety of sub-central government units

Summary/Abstract: The objective of the paper is to determine the scale of the phenomenon of “rollover” of sub-central governments’ debts in Poland and an indication of its possible consequences for the financial safety of local government units. The main conclusion is that the “rollover” of local debts has become common practice since 2010. This leads to excessive lengthening maturities and a significant increase in borrowing costs, which can destabilize municipal finances leading to the uncontrolled growth of debt in the future.

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