| Description |
1 online resource (72 pages) |
| Contents |
Cover; Contents; CONTEXT; RECENT DEVELOPMENTS; OUTLOOK, RISKS, AND POLICIES; THE ROLE OF THE FLEXIBLE CREDIT LINE; A. Access Considerations; B. Exit Considerations; C. FCL Qualification Criteria; IMPACT ON FUND FINANCES, RISKS, AND SAFEGUARDS; STAFF APPRAISAL; BOXES; 1. External Economic Stress Index; 2. Adverse Scenario; FIGURES; 1. Convergence and Integration; 2. External Risks; 3. Qualification Criteria; 4. Trade and Financial Integration; 5. Recent Economic Developments, 2011-16; 6. Recent Inflation Developments, 2004-16; 7. Balance of Payments, 2011-16 |
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8. Banking Sector Capital and Asset Quality, 2011-169. Banking Credit Growth and Funding, 2011-16; 10. Monetary Developments, 2010-16; 11. Reserve Coverage in International Perspective, 2015; 12. Poland and Selected Countries: Comparing Adverse Scenarios; TABLES; 1: Policy Initiatives Proposed and Implemented by the New PiS Government; 2. Selected Economic Indicators, 2013-21; 3. Balance of Payments on Transaction Basis, 2013-21; 4. Monetary Accounts, 2010-16; 5. Financial Soundness Indicators, 2010-16; 6. General Government Statement of Operations, 2013-21 |
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7. General Government Financial Balance Sheets, 2013-218. External Financing Requirements and Sources, 2013-18; 9. Indicators of Fund Credit, 2016-21; 10. Proposed Access Relative to Other High-Access Cases; 11. Impact on GRA Finances; ANNEXES; I. Public Sector Debt Sustainability Analysis; II. External Debt Sustainability Analysis; III. External Sector Assessment; APPENDIX; Letter from the Authorities Requesting Flexible Credit Line |
| Summary |
This Technical Assistance Report discusses the progress made toward developing a medium-term budget framework (MTBF) in Poland. Many of the prerequisites for establishing an MTBF have already been satisfied in Poland. The annual budget has a high degree of credibility; macroeconomic projections are generally accurate; and fiscal rules on debt, expenditure, and the deficit provide sufficient guidance to fiscal policy in the medium term. However, some weaknesses remain that should be addressed either in parallel or as part of the MTBF reform. The design of the MTBF should be carefully considered to meet the government's fiscal objectives while operating within current capabilities |
| Notes |
Print version record |
| Subject |
Budgetary Reforms.
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Fiscal Consolidation.
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Government Expenditures.
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Medium-Term Strategy.
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Technical Assistance Reports.
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Poland.
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| Form |
Electronic book
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| ISBN |
9781475567250 |
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1475567251 |
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