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 » November 10, 2017
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.
Government debt growing
November 10, 2017   
Article's tools:
Print

Poland's government debt grew by over PLN 38 billion within a year in spite of a favorable budget situation as the ministry of finance somewhat recklessly has no intention of reducing spending and building a safety buffer during times of economic prosperity, the Bank Millennium economist Grzegorz Maliszewski comments for the daily Dziennik Gazeta Prawna.
The government, however, might also increase the public debt as it wants to take advantage of low interest rates, which reduces the cost of borrowing money and as such is a demonstration of prudence, given the scope of the cabinet's social transfers, the BZ WBK economist Piotr Bielski argues.
© The Warsaw Voice 2010-2015
E-mail Marketing Powered by SARE