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Fiscal and growth policies in Poland 2008-2012 Maciej H. Grabowski Podsekretarz Stanu Ministerstwo Finansów
Growth trend well above the rest of EU
Public spending as an important source of growth throughout the crisis
Labour market holding strong
Has the rise in government debt been very high?
The changes of debt level in 2012
Polish bonds at the highest price
Rentowności naszych obligacji osiągają rekordowo niskie poziomy
Relatively low tax burden
Public expenditures: Poland vs the EU
Poland and the international rankings
Real interest rate – the highest in the EU
…and almost the highest nominal interst rate in the EU
Structural g.g. deficit significantly reduced
AD and AS equilibrium Equilibrium in both markets P Y AD AS Y Potential.
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