Poland budget reform plans

Published: 31 January 2005 y., Monday
Jan Rokita, tipped to become Poland’s prime minister after 2005 elections, wants swift public finance reforms including a weaker role for the finance minister in creating annual budgets, a newspaper reported on Saturday. Opinion polls show Rokita’s centre-right Civic Platform (PO) and a right-wing ally winning general elections due either at mid-year or around September. "Firstly, I want to remove budget preparation from the purview of the finance ministry and transfer it to the prime minister," Rokita told the daily Rzeczpospolita. Such a change would shift to the prime minister the task of enforcing budget discipline within the government — a role traditionally held by the finance minister in Poland. Along with government cutbacks, the PO hopes its flat-tax reforms would help reduce Poland’s budget deficit from about five per cent of GDP in 2004 to below the euro’s three per cent ceiling by 2007 — enabling single currency adoption in 2009-2010. Rokita said he wanted to carve out a new development ministry from several current ministries to oversee regional development and the use of funds available from the European Union, which Poland joined last May. He would also seek to reduce employment in the public sector by about 20 per cent, mostly at the regional administration level.
Šaltinis: warsawdaily.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

EBRD makes equity investment in Croatian geodetic company

The EBRD is making a €4 million equity investment in Geofoto, a Croatian geodetic company offering mapping, geodetic survey, photogrammetry, geoinformatics and aerial survey services, to support its drive to expand operations on international level. more »

Strong year - risk-adjusted profit up 22%

Nordea came out of 2009 in an even stronger position, despite one of the most challenging years for decades. Risk-adjusted profit increased 22% and our capital position and cost of funding are among the best in Europe. more »

Small business start-ups by the unemployed: deal agreed on funding

MEPs gave the green light on Thursday for EU funding to help Europe's unemployed start up small businesses. more »

Yemen: international efforts needed to prevent crisis escalation

MEPs are deeply concerned about the long-standing and growing presence of al-Qaeda, and the deteriorating security, social and economic problems in Yemen, which they think could destabilise neighbouring countries. more »

Africa: Fighting the Global Economic Crisis through Private Enterprise, Innovation and Integration

At the start of a new decade, Sub Saharan Africa is reeling from the effects of three major global crises – food, fuel and financial – that have reversed many of the economic achievements of the last 10 years and left some growth projections at levels below those of 30 years ago. more »

5th High-level Seminar of Central Banks in the East Asia-Pacific Region and the Euro Area

The 5th High-level Seminar of Central Banks in the East Asia-Pacific Region and the Euro Area was jointly organised by the European Central Bank and the Reserve Bank of Australia, in cooperation with the Hong Kong Monetary Authority. more »

EBRD and EFSE support micro and small businesses in Moldova

The EBRD and European Fund for Southeast Europe are boosting the availability of financing to private businesses in Moldova with a $10 million loan to ProCredit Bank in Moldova for on-lending to micro and small enterprises. more »

EBRD finances new shopping centre in Croatia

The EBRD is supporting the development of the retail infrastructure in Croatia with a €68 million loan to finance the construction of a modern shopping centre in Split, the second largest city in Croatia. more »

EBRD agrees to sell 15 percent stake in Swedbank’s Russian banking arm

The European Bank for Reconstruction and Development has agreed to sell its 15 percent stake in OAO Swedbank Russia to its parent and major stakeholder, Sweden’s Swedbank AB, a move which would give it full ownership of its Russian subsidiary. more »

Ministers of Industry agree that the European Commission should promote a common strategy on electric cars

The Ministers of Industry took the first steps in San Sebastián today to make the electric vehicle a reality in Europe and agreed that European institutions, with the EC at the head, should lead a common strategy on electric vehicles. more »