Tusk leads Poland to the abyss. His squad voted the evidence budget deficit.
Polish Parliament voted a draft state budget that assumes a record-high deficit in public finances. It is 1 of the largest budget holes in the past of the 3rd Republic. The government explains the decision with the request to stimulate the economy, but economists inform that it fiscal delayed ignition bombthe consequences of which may be felt for years.
The adopted task records immense social and investment expenditure, which is expected to support economical growth. However, a crucial part of these measures comes from debt alternatively than unchangeable budgetary revenues. The Authority plans to finance costly social programmes, infrastructure investments and administrative expansion without presenting real sources of coverage for these expenditures. The opposition and any experts are informing that the government, alternatively of reforming spending, He's filling the problem with money that's just not there..
Economists inform that specified a advanced deficit can lead to an increase in inflation, an increase in the cost of living, a decrease in gold and an increase in the cost of serving public debt. In practice, this means that in future the burden of this policy will be passed on to citizens – in the form of higher taxes, cuts in public services and cuts in spending in key areas specified as wellness and education. There is already talk of a possible increase in lending rates and a further wave of expensiveness.
Many commentators stress that the decision of the Sejm was taken at an express pace, without sound public debate and without detailed analysis of the effects of sovereign debt. It shows that the ruling treat public finances as a political tool, not the liable foundation of the national economy.
Polish dependence on debt is simply a simple way to lose economical sovereignty. A country that lives on credit loses its ability to form its policies independently. Today's decisions mean that future generations of Poles will be forced to repay the commitments made by current politicians. This is not liable state management, but a shortsighted public play.
Power spends money that is not there to buy peace and popularity. Meanwhile, the bill for this policy will be paid by average citizens. past has repeatedly shown that a country in debt becomes a subsidiary.
Written by Roman Majewski
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