The public finance document describes “a country that has decided to follow a tax adjustment path that respects the commitments made in the plan and is at the same time successfully conducting a set of investments and reforms extremely relevant to growth, environmental sustainability and social cohesion.” The Minister of Economy, Giancarlo Giorgetti, said when […]
Tag: debt
Poles face a difficult choice. A sad reality before Christmas
As many as a quarter of Poles take on debt to organize Christmas. Three-quarters of us consider gifts worth more than PLN 500 to be exclusive, according to a survey commissioned by the National Debt Register (KRD). “As many as a quarter of Poles take on debt to organize Christmas in such a way that […]
The ministry has released the data. Poland with a huge national debt
According to data from the Ministry of Finance, the national debt amounted to almost PLN 1.5 trillion at the end of the third quarter of the year. On a quarterly basis, debt increased by 2.9%. i.e. with PLN 41.729 billion up to 1 trillion PLN 498.24 billion. From the end of 2023, this will be […]
The government explained the debt quota law
During his intervention in the Congressthe head of the Treasury portfolio specified that the quota that the Government wants to acquire amounts to 17,607 million USD. However, he stated that the country has $2,180 million as of April but clarified that $3,546 million is due this year, leaving a deficit of Foreign currency of $1,366 […]
Deficit in public finances. The Monetary Policy Council issued a statement
The public finance deficit could remain at a level comparable to that of the previous year (relative to GDP) in 2024, the Monetary Policy Council announced. “If we summarize all the changes mentioned above, assuming the implementation of the draft law adopted by the government and maintaining the current legal status regarding the budget protection […]
Social security in the 2024 budget. Mentzen: And we could dramatically increase the quality of the military
It is an economic flat earth to support large social programs and then be surprised that this creates a very high debt burden – says Sławomir Mentzen, an economist and one of the leaders of the Confederation. Parliament is working on next year’s budget law. The document was drafted by Donald Tusk’s cabinet, but is […]
Confederation: PiS and PO have released all brakes. “Even a flood after us”
PiS and PO have released all restrictions when it comes to spending public money. They have the philosophy “after us, even if the flood comes,” says Michał Wawer from Konfederacja. At the Confederation press conference on Monday, Michał Wawer and Jakub Banaś raised the issue of Poland’s debts. Confederation: PiS and PO have released all […]
Is 2 trillion PLN a lot?
FORCE OF REALITY I After the spectacular bankruptcy of the debt-laden PRL, the debt of the Third Polish Republic to the first half trillion zlotys of the ruling politicians lasted fifteen years. In fact – because it is not certain exactly when to start counting this time – even a little more. In any case, […]
Germany’s Accounting “Trick” Revealed: Here’s the Real Monster Debt
Different from the German public finance model. It happens today that the debt publicized internally and externally is much higher than one would like to believe. Uncovering Pandora’s box and revealing the trick is the German Court of Auditors. The financial vehicles with which the German government financed extraordinary extra-budgetary expenditures, in fact, would be […]
Not such a low debt
On paper, Poland’s debt-to-GDP ratio is the lowest in nearly two decades, standing at just 48.1 percent. GDP, but this result is a strong falsification of the real state of affairs. If you believe that the media uncritically spreads the message that comes directly from the ruling camp, such promising data on the national debt […]