EC: Poland not to face risk fiscal stress in short term.

By bne IntelliNews December 19, 2012
Poland appears not to face a risk of fiscal stress in the short run, according to a report by the European Commission. The country is at medium sustainability risk in a medium-term perspective and at low risk in a long-term perspective, conditional upon the full implementation of the planned ambitious fiscal consolidation and on maintaining the primary balance well beyond 2014 at the level expected to be reached in that year, the report reads. Government debt (56.4% of GDP in 2011 and expected to fall to 56.1% in 2014) is below the 60% of GDP Treaty threshold, the Commission notes. However, risks would be much higher in the event of the structural primary balance reverting to lower values observed in the past, such as the average for the period 1998-2012, it also warned.

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