The European Commission will assess the Polish budget

On Tuesday, Burksela will present her opinions on the budget plans of the countries that submitted them in October. Only two countries submitted their plans on time, which passed on September 20. Poland submitted the document in October, and several countries received permission from the European Commission to submit them even later (including those covered by the excessive deficit procedure together with Poland Belgium and Romania).

In the so-called In their medium-term plans, EU countries present fiscal goals, priority reforms and investments. Countries subject to the excessive deficit procedure, including Poland, additionally show how they intend to balance the budget. They can do this over a four- or seven-year horizon.

The Polish plan states that: the goal is to bring the debt to below 60%. GDP, limiting the public finance sector deficit to below 3%. GDP and, as a result, exit from the excessive deficit procedure within four years.

One of the main topics of the dialogue between the Polish government and the European Commission, which has been ongoing since June, has been the discrepancies regarding the scale and pace of consolidation. Brussels believed that the deficit should be reduced at a rate of 0.82%. GDP per year assuming that public finances are to be balanced within four years.

Ultimately, Poland's assumed improvement in the primary structural result by 0.82%. GDP per year is consistent with the EC's recommendation, but – unlike the linear path it proposes – the plan assumes an uneven distribution of deficit reduction.

Next year – consistent with the draft budget act for 2025 – the deficit is to be reduced by 0.25%. GDP. This will mean greater effort in the next three years of the plan – on average slightly above 1%. GDP in 2026-28.

Meanwhile, the regulation on the excessive deficit procedure states that the minimum reduction of the budget gap should be at least 0.5%. GDP. Polish the plan for 2025 provides for a lower deficit improvement than that resulting from EU regulations. However, the Polish government explained this by an increase in defense investments.

On Wednesday, the European Commission will present opinions on budget plans that, as a result of the reform of fiscal rules, must be presented by all member states, including those from outside the EU. euro zone. It will also issue an opinion on the budget laws of euro zone countries for 2025. In the next step, both the opinions and plans will have to be approved by the EU Council, which the finance ministers will probably do in December.