No 18-2014, Stabilising expenditure rule in Poland – stochastic simulations for 2014-2040 - D. Korniluk
No 18-2014, Stabilising expenditure rule in Poland – stochastic simulations for 2014-2040 - D. Korniluk
Źródło: Departament Polityki Finansowej, Analiz i Statystyki
The stabilising expenditure rule (SER) imposed on general government (GG) sector in Poland has been binding since 2014. According to this rule, about 90% of GG expenditure will grow in line with the real medium-term GDP, or slower if there is excessive debt or deficit, or balance does not meet the medium-term objective. It was shown in this paper how the SER affects the most important public finance indicators in the period 2014-2040. The consequences of the lowered debt thresholds in the SER's correction mechanism due to the pension reform were also presented. Finally, future fiscal policy conducted under the new rule was simulated and assessed.
| Informacje o publikacji dokumentu Data utworzenia: 23.09.2014 | Data publikacji: 23.09.2014 09:58 | Data ostatniej modyfikacji: 02.09.2016 11:34 | Autor: Departament Polityki Finansowej, Analiz i Statystyki | Osoba publikująca: Paweł Kolski | Osoba modyfikująca: Monika Błaszczyk | | |
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