Budget draft delayed as Fin Min reconsiders its projections
The Ministry's March guidance stands at 4.8 percent, way above the recent, more cautious, predictions by the European Commission and the National Bank of Poland (3.8 and 2.8 percent, respectively).
Experts agree that, with the global economic downturn starting to hit the Polish economy, the forecast looks increasingly unrealistic as a foundation for the next budget. Minister Rostowski has not confirmed a revision will be made, but the two-week delay may suggest it will now happen.
A new, downgraded estimate would mean lower revenues and likely necessitate spending cuts.
Sources: Dziennik, Rzeczpospolita, Gazeta Wyborcza (P.M.)
Experts agree that, with the global economic downturn starting to hit the Polish economy, the forecast looks increasingly unrealistic as a foundation for the next budget. Minister Rostowski has not confirmed a revision will be made, but the two-week delay may suggest it will now happen.
A new, downgraded estimate would mean lower revenues and likely necessitate spending cuts.
Sources: Dziennik, Rzeczpospolita, Gazeta Wyborcza (P.M.)
