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

Financial services: Commission adopts additional legislative proposals to strengthen financial supervision in Europe

The European Commission has adopted additional legislative proposals today to further strengthen financial supervision in Europe. more »

Dealing with derivatives

The EU has announced plans to regulate the market for derivatives – complex financial products that helped trigger the financial crisis. more »

Milk price crisis: Parliament gives go ahead to new measures

New proposals to help EU farmers through the milk price crisis were backed by Parliament on Thursday. more »

JEREMIE & JESSICA: Innovative financial instruments help regions and cities to overcome their investment needs

The European Commission and the European Investment Bank (EIB) Group are organising a conference in Brussels on 22 and 23 October to further promote two initiatives designed to increase the use of financial engineering instruments in the framework of cohesion policy. more »

Construction of Finnfoam’s thermal insulation production plant started

The biggest thermal insulation production manufacturer in Finland “Finnfoam” has started the construction of a thermal insulation production plant in Kaunas FEZ. more »

EIB supports Hungary with EUR 350 million

The European Investment Bank (EIB) is providing two loans in Hungary. more »

European Commission, International Financial Institutions and EU Member States agree Western Balkans Investment Framework

Key Western Balkan projects to benefit from new funding EU, IFI financing to focus on infrastructure, SMEs and energy efficiency. more »

Lithuania, Belarus and China will develop East-West transport corridor

Lithuania, Belarus and China will cooperate in the development of the initiative of the East-West transport corridor. more »

Bank SNORAS will provide preferential credits to farmers and agricultural companies

On October this year AB Bank SNORAS will provide preferential UAB “Guarantee Fund of Agricultural Loans ” purpose loans to farmers and companies, which scope of activity is economic activity and processing of agricultural production. more »

Car workers in Austria to get help from EU Globalisation Fund

The European Commission has today approved an application from Austria for assistance under the European Globalisation Adjustment Fund (EGF). more »