Fulfilling Fiscal Convergence Criteria in Poland

Poland has acccpted a formally new framework of the fiscal rules since the accession to UE. Complying deficit and debt criteria (3% GNP fог deficit and 60% GNP for debt) are - compulsory and under partly penally of reducing Cohesion Fund. I'he real fiscal convergence criteria in Poland are a little bit differ from the same average of other new State Members. Poland has a problem with deficit criteria. It is slightly above limit. However, two years before entry to EMU, a few State Members of UE had not complied the fiscal criteria, too (Greece and Spain). There are some restraints of complying the fiscal criteria in Poland in 2004: structural problems of public expenditures, a partial financing of UE programe, a UE fee, a high rate of euro related to zloty (increase the amount of the foreign part of Polish public debt), the different methods of accounting the amount of budgetary deficit and public debt. According to assessment, Poland is lo comply fiscal convergence criteria in 2006 and three years later it will have the chance of the automatic entering to Euro zone. Zadanie pt. „Digitalizacja i udostępnienie w Cyfrowym Repozytorium Uniwersytetu Łódzkiego kolekcji czasopism naukowych wydawanych przez Uniwersytet Łódzki” nr 885/P-DUN/2014 zostało dofinansowane ze środków MNiSW w ramach działalności upowszechniającej naukę.