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

June 26, 2002

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Republic of Poland: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 22, 2024

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.

Subject: Balance of payments, Current account deficits, Expenditure, External debt, Inflation, Prices, Public debt

Keywords: Arrears, CR, Current account deficits, Deficit, Global, Government, Government point, Government's proposal, Inflation, Inflation expectation, Interest rate cut, ISCR, MPC stress, Rate, Staff s projection, Western Europe

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/127
Stock No:

1POLEA0012002
ISBN:

9781451831849
ISSN:

1934-7685

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