Sureties and guarantees granted by the State Treasury – financial and legal problems

The article discusses the institutions of sureties and guarantees of the Treasury resulting to the obligations related from the issuance of bonds, indicating the grounds for substantive of these institutions, rules for granting the above-mentioned sureties and guarantees and objectives to achieve. A...

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Main Author: Wojciech Bożek
Format: Article
Language:Polish
Published: Wydawnictwo Naukowe Uniwersytetu Mikołaja Kopernika 2015-12-01
Series:Prawo Budżetowe Państwa i Samorządu
Subjects:
Online Access:http://apcz.pl/czasopisma/index.php/PBPS/article/view/PBPS.2015.027
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author Wojciech Bożek
author_facet Wojciech Bożek
author_sort Wojciech Bożek
collection DOAJ
description The article discusses the institutions of sureties and guarantees of the Treasury resulting to the obligations related from the issuance of bonds, indicating the grounds for substantive of these institutions, rules for granting the above-mentioned sureties and guarantees and objectives to achieve. A significant part of the study was devoted to discussion of the information concerning the practical application of these institutions. The author concludes that guarantees and sureties granted by the Treasury are an important and practical instrument of public finances, which are used to the economic development of the state. The main areas supported by these legal solutions are focused around the development and maintenance of infrastructure. It must be said that these institutions must not be misused in the Polish legal system, because they can cause an increase in public debt and undermine the credibility of the state.
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spelling doaj.art-62e36add77a54ae8a6de980206c4a5a02022-12-22T00:51:48ZpolWydawnictwo Naukowe Uniwersytetu Mikołaja KopernikaPrawo Budżetowe Państwa i Samorządu2300-98532353-70862015-12-0134456210.12775/PBPS.2015.027Sureties and guarantees granted by the State Treasury – financial and legal problemsWojciech Bożek0University of SzczecinThe article discusses the institutions of sureties and guarantees of the Treasury resulting to the obligations related from the issuance of bonds, indicating the grounds for substantive of these institutions, rules for granting the above-mentioned sureties and guarantees and objectives to achieve. A significant part of the study was devoted to discussion of the information concerning the practical application of these institutions. The author concludes that guarantees and sureties granted by the Treasury are an important and practical instrument of public finances, which are used to the economic development of the state. The main areas supported by these legal solutions are focused around the development and maintenance of infrastructure. It must be said that these institutions must not be misused in the Polish legal system, because they can cause an increase in public debt and undermine the credibility of the state.http://apcz.pl/czasopisma/index.php/PBPS/article/view/PBPS.2015.027bondssureties and guarantees of the Treasury
spellingShingle Wojciech Bożek
Sureties and guarantees granted by the State Treasury – financial and legal problems
Prawo Budżetowe Państwa i Samorządu
bonds
sureties and guarantees of the Treasury
title Sureties and guarantees granted by the State Treasury – financial and legal problems
title_full Sureties and guarantees granted by the State Treasury – financial and legal problems
title_fullStr Sureties and guarantees granted by the State Treasury – financial and legal problems
title_full_unstemmed Sureties and guarantees granted by the State Treasury – financial and legal problems
title_short Sureties and guarantees granted by the State Treasury – financial and legal problems
title_sort sureties and guarantees granted by the state treasury financial and legal problems
topic bonds
sureties and guarantees of the Treasury
url http://apcz.pl/czasopisma/index.php/PBPS/article/view/PBPS.2015.027
work_keys_str_mv AT wojciechbozek suretiesandguaranteesgrantedbythestatetreasuryfinancialandlegalproblems