Republic of Poland : Staff Report for the 2002 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

June 26, 2002

Electronic Access:

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Summary:

This 2002 Article IV Consultation highlights that the fiscal deficit of the Republic of Poland widened sharply in 2001, reflecting both automatic stabilizers and a ½ percent increase in the structural deficit. State (central government) primary expenditures (excluding one-off transfers) rose relative to GDP by 1 percentage point, notwithstanding cutbacks late in the year. Two factors accounted for this rise: significant increases in transfers and subsidies to households, agricultural and state enterprises, as well as wages; and outcomes for inflation and growth that were far below budget projections.

Series:

Country Report No. 02/127

Subject:

English

Publication Date:

June 26, 2002

ISBN/ISSN:

9781451831849/1934-7685

Stock No:

1POLEA0012002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

57

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