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Poland: Long-Term Unemployment Becomes Problematic for State Budget
Politics ♦
Published: October 6, 2012; 19:01 ♦ (Vindobona)
According to the consulter Deloitte, Poland is losing billions because of the long-term unemployment.
Poland: Long-Term Unemployment Becomes Problematic for State Budget / Picture: © Vindobona.org
In the last twelve months, Poland has lost about € 2.5bn due to public expenses for long-term unemployment benefits and potential revenues. Thus, the figure does not only contain direct costs, but also opportunity costs for the state.
At the moment, about 1.0 million Poles are classified as long-term unemployed. Deloitte emphasized that the estimation was rather conservative.…
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