Poland to cut deficit to 1pct of GDP in 2015 - deputy Finance Minister
March 14, 2013
Poland is determined to lower its structural deficit to 1% of GDP and may attain this goal in 2015, deputy Finance Minister Janusz Cichon told reporters on Wednesday.
"We are doing everything in order to lower the structural deficit to 1% of GDP in the mid-term and we assume it will be possible in 2015," Cichon said.
The ministry hopes that the European Commission's Excessive Deficit Procedure (EDF) will soon be lifted from Poland, Cichon said, reiterating previous comments of Finance Ministry officials.
Poland will likely reduce its structural deficit to around 2% of GDP in 2014 from below 3% in 2013, on its way to the mid-term goal of 1% in 2015, Finance Minister Jacek Rostowski told a press conference on March 1.