Poland Fin Min Says Slower Economy Won’t Impact Budget-Report
Poland’s budget performance won’t be significantly worse next year even if economic growth is below current projections, Finance Minister Jan Vincent-Rostowski said in a interview published Monday.
The Polish government wants to trim the country’s general government deficit to below 3% of economic output at the end of next year, as required by European Union rules. The European Commission said earlier this year Poland’s deficit would be at 3.6% of gross domestic product next year.
“We believe the Commission’s forecast is too pessimistic,” Rostowski said in an interview with daily Gazeta Wyborcza. “One of the reasons for this forecast is the risk related to the growth of the Polish GDP. Growth at a slightly lower level than projected shouldn’t fundamentally impact the public finance sector.”
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