Narastanie zadłużenia Skarbu Państwa po 1995 r.
The growth of the State Treasury debt after 1995

Summary/Abstract: Each year increasing State Treasury debt (regulated with new liability assumption) debits our state budget seriously by now and reduces expenses for the development. An improvement without radical deficit reducing will be impossible in the next years. The state budget can be confronted with the problem known in the literature as "debt trap". The problem is defined as a sequence of the following phenomena: budget deficit financed by a loan contributes to the public debt increase as well as to an increase in its service costs. It causes budget expense increase in next years and a reducing means dedicated to finance other expenses. When the reducing is balanced with an increased deficit, the sequence repeats. Such a situation can cause a total collapse of public finances and a hyperinflation.

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