Poland’s Financial Minister, Jacek Rostkowski, said the government is planning to decrease public spending to get its deficit to GDP ratio in line with European guidelines. This was reported by the Polish Press Agency (PAP), citing the March issue of monthly magazine Sukces, where interview with the minister has been published. “Our government plans to sharply decrease public debt to GDP ratio to some 40 percent from around 54 percent of GDP at present,” said the minister, adding that the cuts are to be carried out at a pace that’s safe, given the current state of global economic conditions. “We want to achieve this chiefly by decreasing the ratio of spending to the gross national product,” Rostkowski said in the interview.
