Poland: Government Gives Green Light to Budget Draft

People ♦ Published: September 9, 2013; 20:44 ♦ (Vindobona)

The Polish Government has approved the budget plan for 2014 with the deficit gap closing further after a refurbishment of the private pension system.

Poland: Government Gives Green Light to Budget Draft / Picture: © Vindobona.org

Only two days after government official presented reform schemes for the pension system in order to reduce public debt and higher expenditure, the budget plan was approved by the government. More than half of the assets of the private pension fund is supposed to be shifted to the state.

During Friday’s press conference Finance Minister Jacek Rostowski stated that the changes to…

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