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  6. Financial Security of the State – Case o ...

Journal of Security and Sustainability Issues

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Financial Security of the State – Case of Poland
Volume 11, Issue 1 (2021), pp. 547–560
Robert Dankiewicz ORCID icon link to view author Robert Dankiewicz details   Anna Ostrowska-Dankiewicz ORCID icon link to view author Anna Ostrowska-Dankiewicz details   Tomasz Tomczyk ORCID icon link to view author Tomasz Tomczyk details   Marek Leszczyński ORCID icon link to view author Marek Leszczyński details  

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https://doi.org/10.47459/jssi.2021.11.50
Pub. online: 5 August 2022      Type: Article      Open accessOpen Access

Received
14 March 2021
Accepted
20 November 2021
Published
5 August 2022

Abstract

State security is a key issue both for the state as an entity and for its inhabitants. The economic security of the state is a particularly important component which can manifest itself on many different levels. The most important of them is financial security. This aspect of security is relevant as in modern economies money is the key value. Therefore, the financial security of the state is a component of economic security, but at the same time its key determinant. The level of financial security, which in the simplest terms is an ability to raise funds when needed, is influenced by a number of factors, the most important of which are the stability of the financial sector, the size of public debt, as well as the size and structure of the country’s foreign exchange reserves. This paper attempts to analyze individual factors that affect the condition of financial security of the state. In the next part, a structural analysis of the most important aspects of the state’s financial security was performed. The research showed that the state of Poland’s financial security could now be assessed quite highly, but the effectiveness of all the measures taken by the government and the central bank to date would be verified in the near future through the development of the situation caused by the COVID-19 pandemic.

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Keywords
economic security financial security of the state

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Generolo Jono Žemaičio Lietuvos karo akademija Šilo g. 5A., LT-10322 Vilnius, el.p: lka@mil.lt

General Jonas Žemaitis Military Academy of Lithuania  Šilo Str. 5A, LT-10322 Vilnius, Lithuania, e-mail: lka@mil.lt

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