Government's job creation plan at risk due to economic crisis
Under the "50+" programme, an estimated zł.24 billion is to be pumped into the economy over the next seven years to create jobs for people aged 50 and above - only 27 percent of whom are currently in work, one of the lowest rates in Europe.
Measures include subsidies (co-financed by EU structural funds) and waivers on social security contributions. However, the clear threat of lower-than-expected tax revenues and growing jobless numbers, with some experts predicting unemployment to surge by 2.5 percent next year, would render the ambitious spending plans unfeasible.
"In two years time, public finances might start feeling the pinch," said Andrzej Rzońca, an economist at the Civic Development Forum.
Source: Rzeczpospolita (P.M.)
Measures include subsidies (co-financed by EU structural funds) and waivers on social security contributions. However, the clear threat of lower-than-expected tax revenues and growing jobless numbers, with some experts predicting unemployment to surge by 2.5 percent next year, would render the ambitious spending plans unfeasible.
"In two years time, public finances might start feeling the pinch," said Andrzej Rzońca, an economist at the Civic Development Forum.
Source: Rzeczpospolita (P.M.)
