The Polish government will build its 2017 budget on 3.9% GDP growth and 1.3% average annual inflation, with end-year unemployment rate expected to fall to 8.1%, Finance Minister Pawel Szalamacha told a news conference of budget basics adopted by the cabinet.
“We expect Poland will maintain a good pace of growth – the forecast is 3.9%,” Szalamacha said, pointing to drivers such as domestic demand (on the 500+ child subsidy effect) and rising investments, both public and private, triggered by the government’s development plan.
The CPI forecast at 1.3%, while “debatable,” can be met on expected rising prices of energy commodities, especially liquid fuels, he said.
The end-year unemployment rate is expected to fall “notably” to 8.1%, “which basically means that mass unemployment will cease to be a nationwide problem,” the official also said.
Budget revenues next year will be bolstered by a variety of actions taken and planned, including the law stemming VAT fraud in fuel trade, reorganization of the gambling market and the anti-avoidance clause in tax regulations, Szalamacha said.
warsawvoice.pl, oneworldnews.com
