CHORZOW: Prime Minister Donald Tusk said the government will run an economy balanced between fiscal discipline and economic expansion, signalling it will not sacrifice growth to spending cuts.
The former communist country has posted nearly two decades of uninterrupted growth but its economy began to slow sharply last year and growth fell to near zero in the first quarter of 2013.
Tusk said the government would be flexible in its approach to economic growth.
“We will save but in a way that economic growth in Poland will be stronger than in the last months,” Tusk said at his Civic Platform party congress in southern Poland.
Poland announced in April it would not succeed in cutting its budget deficit this year below a target of three percent of gross domestic product required by the European Union, leaving the country in the bloc’s excessive deficit procedure for another two years. Poland expects its deficit to be 3.5 percent this year and come closer to 3.0 percent in 2014.
Reuters
