The Role of the Minister of Finance in Incurring Financial Obligations on Behalf of the Treasury. Part I Cover Image

Rola Ministra Finansów w zaciąganiu zobowiązań finansowych w imieniu Skarbu Państwa. Część I
The Role of the Minister of Finance in Incurring Financial Obligations on Behalf of the Treasury. Part I

Author(s): B. Kucia-Guściora
Subject(s): Law, Constitution, Jurisprudence, Civil Law
Published by: Towarzystwo Naukowe KUL & Katolicki Uniwersytet Lubelski Jana Pawła II
Keywords: Minister of Finance; treasury obligations; treasury securities

Summary/Abstract: The article discusses the issue of incurring liabilities on behalf of the Treasury, implemented by granting special competences in this respect to the Minister of Finance. The analysis of standards defining the principles of assuming these obligations indicates the broad competences of the Minister of Finance confirming his special legal position. The Minister of Finance plays an important role in the processes related to the issue of Treasury securities. Is the main decision-making entity that integrates actions leading to incurring obligations on behalf of the Treasury in the field of issue of securities: starting from the implementation of the right to issue rights, if it determines the conditions of issue of treasury securities, through planning and organization of the Treasury securities market, to conclude agreements with issue agents, treasury securities dealers, as well as other participants of the treasury securities market. The special position of the Minister of Finance results not only from the wide range of his competences, but also from the formulation of public finance law, leaving this body a wide range of discretionary measures that are not formally limited by the competences implemented by other bodies.

  • Issue Year: 29/2019
  • Issue No: 4
  • Page Range: 81-98
  • Page Count: 18
  • Language: Polish
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