Poland suspends its budget law in favour of fiscal stimulus | beyondbrics:
"Buffeted by a slowing economy, Poland’s government on Tuesday said it would allow its budget deficit to rise sharply and temporarily suspend legal limits on public debt in order not to throttle what little growth remains.
Donald Tusk, the prime minister, said government revenues would be about 24bn zlotys ($7.4bn) lower than predicted in the 2013 budget, saying that “because of the crisis, consumption has fallen. That is why there is a shortfall of taxation revenues in the budget.”
The government is cutting spending by 8bn zlotys and allowing its deficit to rise by 16bn zlotys, or about 1 per cent of gross domestic product."
'via Blog this'
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