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

EU to hold top-level discussion on economic situation

On 11 February, heads of state or government of European Union member states will meet in Brussels to seek a commitment towards implementing a revitalised economic strategy to boost employment and growth in the EU. more »

IMF Sees Growth in Lithuania in 2010-2011

International Monetary Fund forecasts that Lithuania’s economy will grow 1.6 % this year, making it “the only one of the three Baltic economies expected to be in the positive territory in 2010”. more »

Ryanair to Open Its 1st Central European Base in Kaunas

Raynair announced it would open its 40th and 1st Central European base at Kaunas, Lithuania’s second largest city, in May with 2 based aircraft and 18 routes. more »

A new strategy to strengthen World Bank partnership with the Kingdom of Morocco

A new Partnership Strategy for Morocco has been approved by the Board of Executive Directors of the World Bank. more »

Sebastián: “The electric car is an opportunity for European industry”

The electric car is an opportunity for European industry. more »

EBRD launches new strategy for Kazakhstan

The EBRD’s Board of Directors has adopted a new strategy for Kazakhstan, which reinforces the Bank’s commitment to further support the Kazakh economy and sets out the priorities for its activities in the country over the next three years. more »

State aid: Commission approves Swedish State guarantee for Saab

The European Commission has authorised, under EU state aid rules, plans notified by Sweden to provide a guarantee that would enable Saab Automobile AB to access a loan from the European Investment Bank (EIB). more »

The EU wants to showcase the commitment of science to economic recovery

At the informal meeting of the Ministers of Competitiveness (Science and Industry), to be held between 7 and 9 February in San Sebastian, the issues on the table will include placing science at the top of the EU agenda and showcasing its role in economic recovery, as well taking the debate on the electric vehicle to EU level. more »

IMF Executive Board Approves US$1.27 Billion Stand-By Arrangement with Jamaica

The Executive Board of the International Monetary Fund (IMF) today approved a 27-month Stand-By Arrangement with Jamaica in the amount of SDR 820.5 million (about US$1.27 billion) to support the country’s economic reforms and help it cope with the consequences of the global downturn. more »

Statement of an IMF Staff Mission to the Kyrgyz Republic

Mr. Nadeem Ilahi, chief of an International Monetary Fund (IMF) staff mission to the Kyrgyz Republic, issued the following statement today in Bishkek. more »