15:15 18 November 2024
IMF: Poland’s deficit is too high, sacrifices necessary
The International Monetary Fund (IMF) has warned of the painful sacrifices Poland must make to reduce its public finance deficit. Geoff Gottlieb, IMF’s representative for Central, Eastern, and Southeastern Europe, emphasized that Poland's deficit is too high and that efforts to reduce it will require compromises. He noted that Poland's personal income tax (PIT) revenues are about half the Eurozone average and that the 2022 tax reforms didn’t significantly change this.
The IMF recommends raising PIT revenues, adjusting the self-employed tax burden, and targeting social benefits more precisely to those in need. It also suggested reforms to reduce inequalities, such as aligning retirement ages and addressing VAT discrepancies.
(wnp.pl)
