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The Warsaw Voice » Business » November 10, 2017
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Government debt growing
November 10, 2017   
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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.
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