The Fiscal Council Warns that the Risk of Exceeding a Critical Debt Level Is Very High.
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5 Articles
Here you can find information on the topic "Fiscal Policy". Read now "Piwarz warns: New debt must not become a permanent state".
The Autonomous Committee of the Fiscal Rule noted that the new draft General Budget of the Nation recognizes a fiscal imbalance greater than initially envisaged, with a primary deficit of 4.5% of GDP and a net debt of 67.3% of GDP by 2027.
The Ministry of Finance responds to the Fiscal Council's warnings regarding the 2027 budget. The ministry defends the project and argues that "the Council did not issue an opinion in accordance with the Fiscal Council Act."
The risk of public debt exceeding 55% in 2027 is very high, the Fiscal Council assessed in its opinion on next year's budget. This threshold, the Council stated, "is exceeded in almost all risk scenarios analyzed."
The Fiscal Council has issued a disturbing opinion on next year's state budget. "The risk of the public debt (PDP) to GDP ratio exceeding 55% in 2027 is very high," the council stated.
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