Public finance system 2200-4K01S

I) Overview of the Public Finance System
I.1. Concept of public finance
I.2. Key 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
I.6. Definitions of the public finance sector and the general government sector
I.7. Scope of the public finance sector vs. general government sector
I.8. Structure of the public finance system
I.9. Types of financial operations in the public finance system
I.10. Budgetary 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. the state budget and “budget-related” acts
II.2. Objective and subjective approaches to the state budget
II.3. Budgetary principles
II.4. State budget and funds from foreign sources
II.5. Structure of the Budget Act
II.6. Structure of the state budget and the budget of European funds
II.7 Public-purpose financial resources and state budget revenues — types, classifications, and collection rules
II.8. State budget expenditures — types, classifications, and execution rules
II.9. Budget procedure — drafting, adoption, and execution 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. the budget of a local government unit
III.3 Budgetary principles — local government
III.4. Structure of the budget resolution and the budget of a local government unit
III.5. Revenue system of local government units — financing own tasks and delegated tasks
III.6. Shares in income taxes, financial needs, and principles of subsidizing local government units
III.7. Targeted (earmarked) grants for local government units and rules for their allocation
III.8. Expenditures of a local government unit’s budget — types and classifications
III.9. Budget procedure
III.10. The golden rule of local government finance and local government debt
III.11. Supervision over the financial management of local government units

IV) Finance Subsystem 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. Social insurance finance and the National Health Fund (NFZ)
IV.5. Finance of executive agencies and other selected public finance sector entities

V) Public Deficit and Public Debt
V.1. EU regulations: the Stability and Growth Pact and its modifications
V.2. Constitutional limits on debt and the budget deficit
V.3. Stabilizing 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. Precautionary and remedial procedures regarding public debt

VI) Monetary Policy of the Central Bank — NBP and ECB, Basic Principles