Finance
17:07 18 November 2023
Post by: WBJ

Poland with the second-highest deficit in the EU – EC response expected

Poland with the second-highest deficit in the EU – EC response expected
Source: NBP

If our deficit exceeds 3 percent of GDP significantly in 2023, as even the government forecasts, and there are no extraordinary, special reasons to justify this situation, the European Commission will impose an excessive deficit procedure on Poland, warns Ludwik Kotecki, a member of the Monetary Policy Council. The PiS government is leaving the state budget in a deplorable state for its successors, putting Poland at risk of an EU excessive deficit procedure. 

“So far, we've had an inconsistent economic policy: monetary policy has been tightened and anti-inflationary, while fiscal policy has been loose and pro-inflationary,” the economist noted.

Kotecki assessed that the deficit of the government and local government sector could reach around 6 percent of GDP in 2023.

(Rzeczpospolita

poland
eu
ec
deficit
ludwik kotecki

More News

lifestyle

LifeStyle
1 month ago

Moët Hennessy Poland Expands to a Chic New Headquarters in Warsaw

LifeStyle
2 months ago

Monika Miller Announces Plans for Future Wedding

LifeStyle
2 months ago

Bibliotherapy Can Be an Effective Educational Tool

LifeStyle
3 months ago

Miss Polonia Balances Beauty, Responsibility, and Academic Pursuits

Book of Lists

Book of Lists
3 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
4 years ago

25th jubilee edition of Book of Lists – project start