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LMC

Legislation Monitoring Centre
 
In Poland there is neither an internet portal nor an institution for employers responsible for monitoring the legislation process of regulations that determine the rules for business activity. At present employers  learn about changes in the law mainly from mass media or simply through the grapevine, usually with delay.

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Budget assumptions for 2013 are too optimistic

02-08-2012

According to the Employers of Poland, the Finance Ministry in preparing the budget assumptions, showed too much optimism about many macroeconomic indicators. This means that getting the assumed GDP growth rate of 2.9 percent is unlikely.

 

According to the assumptions of the Finance Ministry, in 2013, there will be an upswing in economic growth dynamics compared to 2012, however, in the evaluation of the Employers of Poland, in 2013, there will be a clear slowdown visible on both the side of the demand for investment and the private consumption. Therefore, the forecasts prepared by the Ministry should be revised "down”. The adoption of them as a basis for drawing up the budget creates too much risk both for the public sector and the development of the country.