16:58 10 January 2026
Former Min Fin: Poland’s ambitious development programs could sink under debt
Rising public debt is Poland’s greatest economic challenge in the coming years, warns Paweł Wojciechowski, head of the Institute of Public Finance. According to Finance Ministry projections, public debt could exceed constitutional thresholds by 2028–2029, triggering automatic austerity measures such as spending cuts, frozen public-sector wages, and limits on social benefits. Wojciechowski argues that waiting for such forced adjustments would be economically and socially costly. Instead, Poland needs a long-term, planned strategy combining fiscal consolidation with restructuring public spending toward growth-enhancing areas like education, health, infrastructure, and innovation.
He stresses that sustaining Poland’s position among the world’s top 20 economies requires moving away from a consumption-driven model toward one based on investment, productivity, strong institutions, and human capital, supported by cross-party political consensus.
(wnp.pl)
