Poland ready to protect domestic economy - FinMin.

By bne IntelliNews August 12, 2011
Poland is closely observing the market developments and is ready to interfere if necessary to assure the stability of the country's economy and the state budget, PAP news agency reported, quoting finance minister Jacek Rostowski as saying at a news conference. Rostowski said that the country has already gathered 90% of its borrowing needs for 2011. The minister also added that the country might start prefinancing its 2012 borrowing needs this year if the market conditions are favourable. Speaking of the opposition's demands for new fiscal measures, he said that no additional tax burden will be imposed on the banks, saying that the government does not want to endanger the otherwise strong domestic banking sector. In interviews for other media, Rostowski said there were no planned tax hikes or cuts.

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