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EU advises Poland to tighten its belt

PR dla Zagranicy
Paweł Kononczuk 23.05.2016 14:06
  • EU advises Poland to cut spending
The European Commission advises Warsaw government to exercise caution and introduce belt tightening measures in budget expenditures.
Photo: Flickr.com/włodi
Photo: Flickr.com/włodi

Sławek Szefs reports that, according to EC forecasts, Poland's annual budget deficit will be 2.6 percent this year and may exceed the allowed 3 percent GDP level in 2017.

“If current tendencies… materialize, the budget deficit may actually start increasing next year, once again,” Commission Vice-President Vadis Dombrovskis said during the just-concluded 8th European Economic Congress in Katowice, southern Poland.

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