(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.
ADVERTISEMENT
Poland’s Prime Minister Mateusz Morawiecki pledged to stick to a plan to balance the country’s budget next year even as economic growth looks set to slow.
ADVERTISEMENT
“The Polish economy is amazingly resilient to a slowdown in the West,” Morawiecki said in an interview on radio station RMF FM. The plan to balance the 2020 state budget for the first time in the nation’s post-communist history “is still valid,” he said.
- The government this week dropped its plan to remove a cap on social security contributions, aiming to boost the budget by 5 billion zloty ($1.3 billion).
- Morawiecki didn’t name any alternative revenue sources in the interview.
- His cabinet “will try to defend domestic households” from energy price increases; the government is now awaiting a proposal from the state’s energy regulator and “will seek to work out an appropriate calculation mechanism.”
- The government plans to “gradually increase the minimum wage” in coming years.
©2019 Bloomberg L.P.