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Poland: Budget Deficit Expected to Fall
Politics ♦
Published: December 13, 2013; 21:56 ♦ (Vindobona)
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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: © Vindobona.org
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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