Public finance system 2200-4K01

The classes will cover the following issues:

I) Outline of the public finance system
I.1. The concept of public finance
I.2. Fundamental differences between public and private finance
I.3. Functions of public finance
I.4. Fiscal policy and its objectives
I.5. System of National Accounts and basic concepts of the System
I.6. Concepts of the public finance sector and the general government sector
I.7. Scope of the public finance sector and differences compared to the general government sector
I.8. Structure of the public finance system
I.9. Types of financial operations in the public finance system
I.10. Fiscal frameworks of EU Member States and the impact of EU regulations on the Polish public finance system
I.11. Public deficit and public debt – differences between Polish and EU regulations

II) State budget subsystem
II.1. Budget act vs. state budget and “off-the-budget” acts
II.2. Objective and subjective scope of the state budget
II.3. Budgetary principles
II.4. State budget vs. european funds budget
II.5. Structure of the budget act
II.6. Structure of the state budget and the european funds budget
II.7. State budget revenues – types, classifications and rules of collection
II.8. State budget expenditures – types, classifications and rules of execution
II.9. Budgetary procedure – preparation of the draft, adoption and implementation of the state budget
II.10. State budget vs. financial plans of other public finance sector entities
II.11. Borrowing needs of the state budget and their financing

III) Local government finance subsystem
III.1. Structure of the local government finance subsystem
III.2. Budget resolution vs. budget of a local government unit
III.3. Budgetary principles
III.4. Structure of the budget resolution and the budget of a local government unit
III.5. Revenue system of local government units – financing of own tasks and commissioned tasks
III.6. Shares in personal and corporate income taxes, financial needs and rules of subsidising local government units
III.7. Targeted grants for local government units and rules of their allocation
III.8. Expenditures of local government unit budgets – types and classifications
III.9. Budgetary procedure
III.10. The golden rule of local government finances and debt of a local government unit
III.11. Supervision of the financial management of local government units

IV) Finances of other public finance sector entities
IV.1. General principles
IV.2. Management control and internal audit
IV.3. Financial relations between public finance sector entities and the state budget
IV.4. Finances of social insurance and the national health fund (nfz)
IV.5. Finances of executive agencies and other selected public finance sector entities

V) Public deficit and public debt
V.1. EU regulations: Stability and Growth Pact
V.2. Medium-term fiscal-structural plan
vV.3. stabilising expenditure rule
V.4. State treasury debt management strategy and its impact on public debt
V.5. Structure of public deficit and public debt
V.6. Preventive and corrective procedures in the field of public debt