Economic policy, the international environment and the state of Poland’s public finances: Scenarios

Aleksander £aszek

No 146, mBank - CASE Seminar Proceedings from CASE-Center for Social and Economic Research

Abstract: Poland’s structural deficit is one of the largest in the EU. While other Member States are taking action to reduce their deficits, the Polish government has not only introduced costly projects, but has also announced additional projects that will further aggravate the state of Polish public finances. The aim of maintaining the nominal deficit under 3% of GDP, as declared by the government, is insufficient because it does not leave a margin of safety in case of an economic slowdown. In the meantime, the turbulent global economy and the structural challenges the Polish economy is facing make the scenario of an economic slowdown increasingly plausible. Dr. Aleksander £aszek evaluates the government’s current policy through the lens of the challenges that stand a head of Polish economy, and its resilience to shocks, in the new mBank-CASE Seminar Proceedings "Economic policy, the international environment and the state of Poland’s public finances: Scenarios".

Keywords: Public finance; general government debt; general government deficit; structural deficit (search for similar items in EconPapers)
JEL-codes: E20 E62 E66 G21 G28 H24 H25 H3 H6 (search for similar items in EconPapers)
Pages: 55
Date: 2017-03
New Economics Papers: this item is included in nep-mac and nep-tra
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