NBP Wants Government to Adapt Budget

People ♦ Published: July 19, 2013; 19:09 ♦ (Vindobona)

After the Polish government has announced to postpone its austerity plans, the National Bank of Poland calls the government to submit an updated fiscal outlook.

NBP Wants Government to Adapt Budget / Picture: © Flickr / NBP National Bank of Poland

In the first quarter of 2013, GDP growth only was 0.1%. Economists expect that the country´s economic performance will not improve visibly this year. The interest cuts of NBP since the beginning of 2012 did not help Poland´s economy.

In order to strengthen Poland´s economic growth, the government has decided to widen the budget deficit instead of increasing taxes. This year,…