We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » May 12, 2014
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Thumbs up for reduction in fiscal austerity thresholds after pension reform
May 12, 2014   
Article's tools:
Print

Poland's lower house of Parliament okayed an amendment to the public finance law reducing Poland's debt-to-GDP thresholds that cap budget spending growth following a notable reduction in debt stemming from a recent reform of the pension system.

The Polish government decided to reduce the thresholds for the spending rule by the 7 pps of GDP gained when it cancelled the Treasury bond portfolios taken from privately managed pension funds OFE at end-January. That move had reduced public debt by some 7.6% of forecast 2014 GDP.

The new thresholds for the spending rule are for public debt at 43% and 48% of GDP.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE