WARSAW: Poland may press for a lifting of the excessive deficit procedure already in 2015 despite missing the fiscal bar at end-2014 as the Finance Ministry expects public finance sector deficit to fall to 2.7% of GDP this year, Finance Minister Mateusz Szczurek said in Washington on Friday.
The general government deficit of 3.2% of GDP in 2014, as announced earlier on Friday by Poland’s Central Statistics Office (GUS), “is a result which, according to Poland, allows for the lifting of excessive deficit procedure already in 2015, that is a year earlier than we expected,” Szczurek said.
Had the 2014 result been adjusted by costs of the pension system reform, it would have been below 3% of GDP, Szczurek added.