Poland to Save PLN 11.6 bn by 2012 from Four Public Finance Reforms – Ministry of Finance

Poland is expected to save 11.58 billion zlotys by 2012, at least 22.7 billion zlotys by 2020 and at least 19 billion zlotys by 2060 thanks to four public finance reforms prepared by Finance Ministry and presented to President Lech Kaczyński yesterday.

The reforms are the first part of the public finance consolidation and development plan presented by the government at the end of January.
The first of the proposed reforms is the introduction of budget and spending rules.

The second reform calls for reducing the share of legislatively fixed spending in budget expenditure, starting with spending on army.
The third reform pertains to pensions of uniformed services and stipulates including new employees of those services in the universal pension system as of 2012.

Finally, the fourth reform sets a capital mechanism of disability benefit calculation, the document stated.

Finance Minister Jacek Rostowski met with President Lech Kaczyński on Tuesday to request his support for the presented set of reforms.

Source: www.warsawvoice.pl

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