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Agriculture can be freed from KRUS
Witold GadomskiThe preferential system of social insurance for farmers is a deviation from the rule of uniform treatment of all citizens and a thorn in the flesh of reformers of public economy and finance. At the same time, it is a bastion...
Slim benefits from Treasury assets
Piotr AleksandrowiczOn the one hand, State Treasury property slowly gains in value, on the other, public debt is mounting rapidly. As it seems, before long, public debt might exceed the value of State Treasury property. Debt increase is common...
Poland will not grow as fast anymore
Piotr AleksandrowiczThe Conference Board, almost a hundred years old global business organisation, published its economic development projections several days ago. The projections say that between 2013 and 2018 Poland’s GDP growth rate would...
Interest rates may decrease, but the economy needs more than that
Marek PielachMPC's last announcement makes it clear that the process of easing monetary policy has begun. We are witnessing an economic slowdown when it is difficult to keep the level of public debt in check. Our economy's sustainable...
Czechs pay a political price for fiscal tightening
Jan CieńskiPetr Necas's determination to drive down the Czech Republic's budget deficit has been so strong that he sparked a political crisis which almost unseated his government and has many economists blaming him for the country's...
Hospody pomyluj (Lord, have mercy)
Piotr AleksandrowiczRecession looms over Ukraine. The oligarchs rule. A currency crisis may break loose at any time. Foreign investors demand a high risk premium, some of them retreat. High interest rates hamper domestic investment, while...
It is not easy to get rid of the excessive deficit procedure
Witold GadomskiThe finance minister believes that next year the European Union will decide to abrogate the excessive deficit procedure against Poland. This would give the government a free hand to implement reforms stimulating the economy....
Government creates a programme hoping for low participation
Katarzyna BartmanThe programme extending the paid parent leave is to cost taxpayers PLN 2 billion. If all eligible parents were to participate, the figure should amount to as much as PLN 5.2 billion. However, already while drafting the...
Local governments prepare real estate tax reform
Jacek KrzemińskiLocal governments have abandoned their dreams of the cadastral tax for now, but they are still after higher revenues from land and buildings.They came up with geographical tax progression in order to save the budgets of...
Off-budget vehicle by the BGK aroused a lot of interest in The City
Jan CieńskiWhen Prime Minister Donald Tusk addressed parliament last week he was speaking to a much wider audience than just the deputies sitting in front of him and the national public – key recipients of his message were the...