Discretionary policy

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Discretionary policy - also known as active economic policy or discretionary policy, allows the government to influence the state of the economy through active fiscal, budgetary or monetary policies. Measures taken in the context of discretionary policy are designed to enable the government to achieve short-term goals, but often force violations of existing rules. It is considered that a single discretionary decision that breaks the accepted commitment can significantly worsen the credibility of the government and long-term economic performance. This prevents the recording of certain economic principles in legal acts (eg the public debt rule contained in the Polish constitution, which can not be higher than 60% of annual GDP) and the delegation of certain economic functions to independent institutions, as is the case with central banks.

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