Universal Journal of Accounting and Finance Vol. 9(5), pp. 1024 - 1032
DOI: 10.13189/ujaf.2021.090513
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Two Examples of Inefficient Use of Public Finances in Poland

Valery Okulich-Kazarin ^1,2,*
1 East European Scientific Group, Czestochowa, Poland
² Department of Applied Economics and Management of Odessa University of Food Technologies, Odessa, Ukraine

ABSTRACT

The background of the research is that scientists and practitioners are interested in the efficiency of the use of public finances. There are articles about financial management processes in the form of planning, implementation and reporting as elements of good governance of public finances. The aim of this empirical research was to check: do Polish officials effectively make use of public finances? The author has used justified research methods such as general scientific research methods (methods of analysis and synthesis, induction and deduction, etc.); study of scientific sources and official documents; observation with recording the results using photography; statistical methods, including verification of statistical hypotheses. In the first example, the use of public finance in a state-owned enterprise was carefully studied. In the second example, the author described the use of public finance at the local level. The empirical research had only one limitation: the inefficient use of public finances is usually hidden from citizens. The key hypothesis: the Polish officials effectively use of public finances. These examples did not allow us to accept the Key Hypothesis. The principal result of the empirical research is that the facts of inefficiency of the use of public finance in Poland have become a new scientific knowledge. Modern statistics allow us to attribute the results of the sample to the entire population. The major conclusions and its contributions to the field of public finances are in the facts: A) Polish officials use public finance inefficiently both at state-owned enterprises and at the local level. B) The inefficient use of public finance was five years ago and continues now. The result is highly statistically significant (99.0%). The inefficient use of public finances has serious negative social consequences: economic, budgetary, legal and psychological. The most important aspects of the empirical research are in practical and theoretical significance. In the practical significance, it is necessary to create working bodies for checking the efficiency of the use of public finances. In the theoretical significance, it is very important to create financial mechanisms that stimulate the effective use of public finances.

KEYWORDS
Public Finance, Efficiency, Financial Management, Financial Mechanisms, Officials, Poland

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Valery Okulich-Kazarin , "Two Examples of Inefficient Use of Public Finances in Poland," Universal Journal of Accounting and Finance, Vol. 9, No. 5, pp. 1024 - 1032, 2021. DOI: 10.13189/ujaf.2021.090513.

(b). APA Format:
Valery Okulich-Kazarin (2021). Two Examples of Inefficient Use of Public Finances in Poland. Universal Journal of Accounting and Finance, 9(5), 1024 - 1032. DOI: 10.13189/ujaf.2021.090513.