Poland's budget deficit may exceed 4 pct of GDP - PM
Poland may run up a budget deficit exceeding 4 percent of GDP in 2020 and could be facing deflationary risks, PM Mateusz Morawiecki said on Tuesday night during a Q&A session on Facebook.
The deficit "is needed to save millions of jobs," he said, adding that the government will look for savings wherever possible while striving "to keep jobs in the budget sector."
In Morawiecki's opinion, Poland could shortly be facing the risk of deflation.
"Most often, such crises brought the risk of deflation, so the phenomena we are at risk of in the short-term are deflationary phenomena" he said, adding that he is convinced that the government's response to the crisis challenges addresses these deflationary threats as well as potential bankruptcies of companies, unemployment growth, public finance deficit, which should now be rising, although only to a certain level, as well as public debt.
"This multitude of different actions that we have undertaken to date are an 'optimal mix' for this difficult time we have to deal with," Morawiecki said.
One of the government's priorities is to ensure the stability of the Polish zloty and the stability of public finances, the prime minister added.