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Poland: T-Bonds not to Affect Budget Deficit
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Published: October 28, 2013; 12:23 ♦ (Vindobona)
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According to GUS, next year’s budget deficit will not be impaired by the transfer of treasury bonds and other assets.
Poland: T-Bonds not to Affect Budget Deficit / Picture: © Vindobona.org
In relation to the ESA 2010 regulations, the Polish budget deficit will not be affected by the transfer of treasury bonds from private pension funds to the public social security, as announced by the Central Statistical Office (GUS).
"According to ESA 2010, accepting a one-off transfer of assets by the general government sector that is accompanied by a transfer of pension…
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