WARSAW: Poland expects its 2018 fiscal deficit to rise to 2.1 percent of gross domestic product (GDP) from 1.5 percent last year and then fall to 1.5 percent in 2019, Dziennik Gazeta Prawna (DGP) daily said citing Poland’s annual update of the convergence plan.
The plan, which Poland submits to the European Commission, also assumes economic growth will fall to 3.8 percent in 2018 and 2019, and to 3.7 percent in 2020 from last year’s 4.6 percent.Warsaw will not reduce the Value Added Tax (VAT), Dziennik Gazeta Prawna also said, citing the update, but plans to increase tax revenues through more effective tax collection.
