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Poland aims to have a public finance sector deficit of 7% of GDP this year, a figure it may be able to reduce to 3% in 2012, a Finance Ministry source told the PAP news agency, citing the government's updated convergence plans.
This would allow Poland to be ready to adopt the euro in 2014 or 2015, the unnamed source said.
The ministry was to unveil its updated convergence program on Tuesday.
Reducing the deficit to the 3% benchmark required by the EU before a country is allowed to adopt the euro "will be possible in 2012, thanks to the public finance consolidation and development plan and the expected higher GDP growth in the following years," the source said. "Still, this will be a very difficult task, so the updated convergence program will show that there are risks, and that it may happen in 2013."
Source: www.warsawvoice.pl