Two accused teenagers to remain in custody for at least two more weeks | SaltWire #newsupdate #newsWARSAW - Poland is taking steps to increase the transparency of its public finances Finance Minister Andrzej Domanski told reporters, amid rising debt servicing costs.
Poland is among nearly a dozen European Union countries at risk of being put under the bloc's excessive deficit procedure, imposed on those whose deficit limits exceed 3% of gross domestic product . Domanski said his aim was to repair public finances following several years of elevated off-budget spending by the previous Law and Justice government since the COVID-19 pandemic.
He said he was in favour of merging some of BGK's funds and the finance ministry would cooperate with the bank and other ministries on this.Poland's annual long-term financial plan, to be adopted by the government on Tuesday, will also include the framework for establishing a fiscal council to monitor government policy, including macroeconomic projections and the budget bill, Domanski said.