TITLE

DATA & FORECASTS

PUB. DATE
May 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;May2005, Vol. 12 Issue 5, p7
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article offers financial updates from Poland as of May 2005. Recently, reforms to the fiscal provisions of the Stability and Growth Pact (SGP) is aimed at providing Poland with greater scope for meeting the criteria of the European Union for entering monetary union by the end of the decade. For member states that have introduced pension reforms, a new agreement will allow the deduction of associated cost against revenues over the next five years. With the cost of changes to the social structure in excess of 1.5 percent of gross domestic product, Poland is expected to be one of the principal beneficiaries of the revised SGP. An advantage for Poland is that its efforts to meet the fiscal criteria for joining the eurozone will be boosted. However, it is forecasted that the shortfall will not drop below the 3 percent Maastricht reference value until 2008.
ACCESSION #
16695811

 

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