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Poland Adapts Austerity Targets

Published: September 5, 2012; 18:16 · (Vindobona)

Due to the economic crisis in Europe, the Polish government gives up its aim to reach a budget deficit below 2.2% of GDP.

Poland Adapts Austerity Targets / Picture: © Flickr

As the Polish economy lost dynamics in the last months, the austerity policy will be eased. Instead of a 2.2% deficit, the new target is a budget deficit 2.9% of GDP. “Reducing the deficit to 2.2% of GDP is no issue anymore.” Maja Goettig, economic advisor of Prime Minister Donald Tusk told Bloomberg. Further tensions in the fiscal policy should be avoided. At the end of 2011,…

This article includes a total of 198 words.

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