Uwagi o prawnym znaczeniu konstytucyjnego zakazu nadmiernego zadłużania państwa
Remarks on the legal importance of constitutional public debt limitation

Summary/Abstract: According to Article 216.5 of the Constitution of the Republic of Poland it shall be permissible neither to contract loans nor provide guarantees and financial sureties which would engender a national public debt exceeding three-fifths of the value of the annual gross domestic product. The method of calculating the value of the annual gross domestic product and national public debt shall be specified by statute. However, this provision co-establishing the principle of balance budget as constitutional value is not an absolute paradigm. It is limited by other constitutional values and principles, including the principle of common good, and should not be abused against the principle of diligence and efficiency in the work of state bodies.

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