Poland Certain to Bring Public Finance Sector Deficit below 3 pct of GDP

Posted June 21st, 2010 in Business news by Ela Pawełek-Lubera

Poland will definitely bring public finance sector deficit below 3% of GDP within two to three years, largely as a result of the planned cap on discretionary spending growth, Finance Minister Jacek Rostowski told reporters.

At issue is a bill published by the Finance Ministry Thursday which would cap the annual increase in discretionary spending at 1 percentage point above inflation.

Prime Minister Donald Tusk has already given his approval for writing the 2011 budget on the basis of the principle, irrespective of parliamentary approval of the bill, Rostowski claimed.

Source: www.warsawvoice.pl

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