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Poland´s Budget Gap Narrows
Politics ♦
Published: October 1, 2013; 06:13 ♦ (Vindobona)
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The Polish government has approved the final budget draft for 2014.
Poland´s Budget Gap Narrows / Picture: © Vindobona.org
Initially, Poland´s government planned a budget deficit of USD 16.8bn. At the beginning of September, Poland´s government decided that the privately managed pension funds will be transferred back to the public social security system.
Due to the pension reform, the planned budget deficit was reduced to USD 15.5bn. As a result, the planned budget gap was down from 3.3% of GDP to…
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