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Search resuls for: "Federico Barriga Salazar"


2 mentions found


☆ Analysis: Inflation, budget risks await Polish vote winner
  + stars: | 2023-09-25 | by ( Karl Badohal Pawel Florkiewicz Gergely Szakacs | Karl Badohal | Pawel Florkiewicz | ) www.reuters.com   time to read: +6 min
[1/2] A general view of Polish shoe retailer CCC shop is pictured, amid the coronavirus disease (COVID-19), in Warsaw, Poland, September 8, 2020. "Let me tell you, there was a time when I couldn't even afford to buy salmon, for example. Buczek has benefited from the fact that PiS has raised her pension as part of hefty welfare spending moves which, opinion surveys show, are easing Poles' concerns over high inflation. The Polish minimum wage, already the highest in central Europe, will rise by nearly a fifth next year. With many houseowners on variable loan rates, Warsaw recently extended a scheme for mortgage repayment holidays into next year.
Persons: Kacper, Jadwiga Buczek, Buczek, PiS, Steffen Dyck, Adam Glapinski, Fitch, Federico Barriga Salazar, Andrzej Kuzniak, Moody's Dyck, Kacper Pempel, Jan Strupczewski, Gergely, Mark John, Sharon Singleton Organizations: REUTERS, Reuters, Justice, European Union, European Commission, National Bank of, Sovereign Risk, Moody's, International Monetary Fund, Civic Coalition, Thomson Locations: Warsaw, Poland, WARSAW, Poland's, Europe, NBP, Brussels
☆ Off-budget spending stirs doubts about Poland's finances
  + stars: | 2022-12-21 | by ( Anna Koper Pawel Florkiewicz Gergely Szakacs | Anna Koper | Pawel Florkiewicz | ) www.reuters.com   time to read: +7 min
Off-budget spending, where the cost of activities deemed to have special characteristics is not included in the official budget, is widely used across the world. In Poland, it was initially deployed for spending to weather the pandemic but now encompasses a surge in military and other expenditures. "Budget funds are becoming less and less transparent," Supreme Audit Office President Marian Banas told Reuters. Importantly, they note that the off-budget spending still gets captured under European accounting rules. In recent years, Poland's off-budget spending has gone from insubstantial amounts to several percentage points' worth of GDP, based on spending tracked by economists and rating agencies.
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