The EC has decided to remove the Polish excessive deficit procedure – Banker

             The European Commission has decided to remove the Polish procedure
 excessive deficit – said Wednesday in Gdansk, Prime Minister Ewa Kopacz.
  Commission’s recommendation must still approve the EU Council, which will meet 19
 of June.
           

 

“I would like to inform you that a couple of hours ago
 The European Commission has decided to take off the excessive Polish
 deficit. This is a confirmation of our really big success
 country. (…) On the one hand, we managed to fix public finances, and
 on the other hand to achieve the highest economic growth in Europe “-
 Kopacz told reporters.

 

 

According Kopacz, the Polish economy “is really on the right track”.
 “The responsible handling of public finances, attention is to
 every day citizens has to feel better is only possible
 when, when we act consistently and fairly in relation to each other “-
 He added the Prime Minister. As she spoke, those who today consists of “empty promises
 cover, promises that public finances storm “will be disappointed.

 

Poland is subject to an excessive deficit procedure since 2009., And
 June 2014 r. the procedure was suspended by the European Commission.

 

The EU treaty provides that Member States should avoid
 excessive budget deficits. The excessive deficit procedure is
 discipline to governments that do not conduct adequate policy
  fiscal. The Union, at the request of the Commission, may impose procedure if the
 the country’s deficit exceeded 3 percent. GDP or debt is higher than 60
 percent. GDP. Placed under state should follow the recommendations of the Council
  The EU, which is among the EU finance ministers. EU sets deadline for
 to bring public finances into order, but they are often
 extended. If the state does not exercise recommendations are possible sanctions such
 as the need to pay a non-interest bearing deposit amount
 corresponding to 0.2 percent. GDP of the country.

 

At the procedure, alongside Polish, they fall in Croatia, Malta, Cyprus,
 Portugal, Slovenia, France, Ireland, Greece, Spain and the United
 UK. In the past, the procedure were covered by the other countries, and the only
  EU countries for which no procedures were followed, then Estonia and
 Sweden.

 

The recent European Commission forecasts predict that in 2015. Deficit
 public finance sector will fall to 2.8 percent. Of GDP in 2015. And to 2.6
  percent. Of GDP in 2016. In turn, the Ministry of Finance predicts in an update
 convergence program that this year’s deficit will be 2.7 percent. Of GDP, and in
  2.3 percent next. GDP

 

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