MF: GDP to grow by 3.8% in 2016 and 2017

"2017 will be the most difficult year in terms of fiscal policy," pronounced the Undersecretary at the Ministry of Finance, Leszek Skiba. However, he argued that the public finance deficit in 2017 would not exceed 3 percent of GDP. "GDP growth will amount to 3.8 percent this year, and in 2017 as well," the Undersecretary continued. Today, during the  Banking Forum 2016, Leszek Skiba officially announced  that the purpose of government is to keep the public finance deficit in 2017 at the level that will not threaten the excessive deficit procedure, which is less than 3 percent of GDP. "The consequence of the procedure would be the imposition of sanctions blocking part of the EU budget," Skiba said.