Politics

Poland: Budget Deficit Expected to Fall

Published: December 13, 2013; 21:56 · (Vindobona)

In view of the accelerating economy, Poland´s fiscal shortfall will be smaller than initially projected, the rating agency Fitch states.

Poland: Budget Deficit Expected to Fall / Picture: © Flickr

In June, the European Commission stressed that the country must comply to the fiscal stability criteria. Now, the Commission has extended the deadline by one further year. As a result, in the next three years, Poland has to push the budget deficit below 3.0% of GDP. This year, the expected budget deficit comes at 4.4% of GDP.

Due to the partial nationalization of the pension…

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Poland: Budget Deficit Expected to Fall

In view of the accelerating economy, Poland´s fiscal shortfall will be smaller than initially projected, the rating agency Fitch states.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.