According to the Employers of Poland, the proposal of the Finance Ministry concerning new rules on debt calculation is an action within the scope of creative accounting.
The Finance Ministry wants the government debt to be still as to the principle converted into zlotys (PLN), according to the exchange rate on the last day of December. What is new? If the result of this operation is that it goes beyond the I or II prudence threshold, the debt will be converted once more, but according to the average annual rate and the debt will be reduced by the so-called free resources. The prudential procedures will be started only when the operation and the ratio of public debt to GDP exceeds the thresholds. According to the experts of the Employers of Poland, such activity has all the hallmarks of creative accounting.