Republic of Poland: Staff Report for the 2002 Article IV Consultation
Electronic Access:
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Summary:
This 2002 Article IV Consultation highlights that the fiscal deficit of the Republic of Poland widened sharply in 2001, reflecting both automatic stabilizers and a ½ percent increase in the structural deficit. State (central government) primary expenditures (excluding one-off transfers) rose relative to GDP by 1 percentage point, notwithstanding cutbacks late in the year. Two factors accounted for this rise: significant increases in transfers and subsidies to households, agricultural and state enterprises, as well as wages; and outcomes for inflation and growth that were far below budget projections.
Series:
Country Report No. 2002/127
Subject:
Balance of payments Current account deficits Expenditure External debt Inflation Prices Public debt
English
Publication Date:
June 26, 2002
ISBN/ISSN:
9781451831849/1934-7685
Stock No:
1POLEA0012002
Pages:
57
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