State action aimed at limiting financial exclusion in Poland in terms of sustainable and inclusive development

Abstract

Purpose – The article was written to outline the State action (specifically central government’s) aimed at limiting financial exclusion in Poland in terms of sustainable and inclusive development in 2016-2019. Research method – In the article theoretical research is carried out on the basis of the subjective literature, existing legal requirements, international institutions’ and central government’s reports. Such research methods as descriptive analysis and inferential and inductive reasoning were used. First, financial exclusion is defined as a kind of social exclusion in the field of sustainable and inclusive development. Next, the author describes the most important central government’s activity aimed at limiting financial exclusion in 2016-2019 in three areas. It is analysed how the State affects household income through fiscal policy instruments. The most important legal regulations affecting entities offering financial services and their clients are also pointed out. Finally, the State activity aimed at improving financial education and financial allowance of the Polish people is described. Results – The article allows a better understanding of the State activity aimed at limiting financial exclusion in Poland undertaken in 2016-2019 with particular reference to fiscal policy instruments affecting household income. Originality / value – To the best of author’s knowledge, it is the only article concerning, as defined above, the three areas of the State activity aimed at limiting financial exclusion in Poland during the period considered, namely fiscal policy affecting household income; the most important legal regulations affecting entities offering financial services and their clients; improving financial education and financial allowance of the Polish people. It is very important considering sustainable and inclusive development.