The key objective of the document is to eliminate the excessive deficit by 2028, in line with the European Union guidelines. The first part of the plan, of a budget nature, was developed by Ministry of Financewhich also serves as the coordinator of the entire project.
“Path to eliminate the excessive deficit by 2028”
Polish Press Agency emphasizes that the purpose of this part of the plan, signed by the ministry headed by Andrzej Domański, is to present “a path to eliminate the excessive deficit by 2028”. It is to be implemented in accordance with EU regulations. This part of the plan is to contain not only macroeconomic and budgetary assumptions, but also detailed ones information regarding public debt, its structure and safe debt level, in accordance with the EU methodology. Recall that Brussels in July initiated formal proceedings against PolandFrance, Italy, BelgiumHungary, Malta and Slovakia for breaches of budgetary rules.
The Ministry of Development and Technology will present the most important reforms
In turn, the Ministry of Development and Technology is responsible for the second part of the plan, which will be discussed at Tuesday's government meeting. The ministry will focus on presenting the most important reforms and investments planned until 2028. This is a response to the recommendations of the Council of the European Union and the implementation of the community's priorities. The Ministry of Development and Technology will also provide information on the country's investment needs. The preparation of a budget and structural plan results from the need to implement the regulation of the European Parliament and the Council of the European Union, which obliges Member States to present such documents every four years. The new document is intended to replace the existing stability or convergence programs and National Reform Programs.