The golden rule in the Polish Constitution of 1997 and its social and economic influence

  • Rubén Darío Torres Kumbrían Universidad Nacional de Educación a Distancia
  • Juan de Dios Izquierdo Collado Universidad Nacional de Educación a Distancia
Keywords: Golden rule, Constitution of 1997, European Union, balanced state budgets, Chapter X, safeguards, Parliament, the Monetary Policy Council, Court of Auditors, immune to the financial crisis, process of economic, social and territorial cohes

Abstract

Poland introduced the golden rule in its Constitution of 1997. The Polish political and economic transition, compliance with the Copenhagen criteria of 1993 and the accession of Poland to the European Union are the previous history that created the objective conditions for the implementation of the golden rule in the constitution. Chapter X called Public Finance provides effective control of the development and implementation of balanced state budgets. Budgetary arrangements are guaranteed by the Parliament, the Monetary Policy Council, the Court of Auditors and other institutional actors. Other fundamental key is to establish safeguards against lock contingencies legislation, resolutions and constitutional reforms, and increased the deficit and sovereign debt. The golden rule along with other factors, have made Poland is immune to the financial crisis. The country enjoys economic growth, is attractive to investors, corrects imbalances and continuing the process of economic, social and territorial cohesion.

Published online: 01 December 2014

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Author Biographies

Rubén Darío Torres Kumbrían, Universidad Nacional de Educación a Distancia
Profesor Contratado Doctor de la Facultad de Derecho
Juan de Dios Izquierdo Collado, Universidad Nacional de Educación a Distancia
Profesor Titular de la Facultad de Derecho
Published
2014-12-01
How to Cite
Torres Kumbrían, Rubén Darío, and Juan de Dios Izquierdo Collado. 2014. “The Golden Rule in the Polish Constitution of 1997 and Its Social and Economic Influence”. Estudios De Deusto 60 (1), 253-69. https://doi.org/10.18543/ed-60(1)-2012pp253-269.
Section
Notes