Gov't plans to update forecasted GDP growth for 2009
"The changes will not be drastic. The amendment to the economic growth by 1 percent will be enough," said the head of the Civic Platform (PO) parliamentary club Zbigniew Chlebowski. Zajdel-Kurowska emphasized, however, that even if the GDP forecast for 2009 will be changed, no amendments will be made to the budget deficit level for next year, which is estimated to stand at zł.18.2 billion.
"If the forecast pace of economic growth will be lowered by 1 percent, than the planned budget revenues will also have to be lowered by zł.6-7 billion," said Janusz Jankowiak, chief economist with the Polish Business Council.
This means that in order to maintain a budget deficit, government spending would have to be lowered by this level.
Source: Dziennik, The Wall Street Journal Polska (A.K.)
"If the forecast pace of economic growth will be lowered by 1 percent, than the planned budget revenues will also have to be lowered by zł.6-7 billion," said Janusz Jankowiak, chief economist with the Polish Business Council.
This means that in order to maintain a budget deficit, government spending would have to be lowered by this level.
Source: Dziennik, The Wall Street Journal Polska (A.K.)
