"It is worth noting the crucial accomplishment of Donald Tusk's coalition..."

konfederacja.pl 6 months ago
Member Michał Wawer.

In summary, 2024 is worth noting the crucial accomplishment of Donald Tusk's coalition. Something that nobody in Poland has done so far and most likely never will.

In summary, 2024 is worth noting the crucial accomplishment of Donald Tusk's coalition. Something that nobody in Poland has done so far and most likely never will.

The coalition managed to break the deficit evidence 3 times in just 1 calendar year...

— Michał Wawer (@MichaelWawer) December 31, 2024

The coalition managed to break the budget deficit evidence 3 times in just 1 calendar year.

For the first time: adopting in January a budget for 2024 with (recording) 184 billion Gold deficit.

For the second time: amending the budget for 2024 in December and raising the deficit to (record) 240 billion Gold deficit.

For the 3rd time: adopting in December a budget for 2025 with (recorded again) 289 billion Gold deficit.

These are nominal amounts, of course. If extra-budget funds are included (which Tusk has by no means eliminated and yet enlarged), the amounts of real deficits will go up.

Unfortunately, the consequences are tragic: in 2025 already 75 billion PLN, which is almost 2% of the full product of the Polish economy, is expected to pay back loans from erstwhile years. And this is an optimistic scenario, inscribed in the budget bill.

Debt Spiral.

Read Entire Article