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Poland unveils $31 bln stability plan to deal with financial crisis |
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09:14, December 01, 2008 |
The Polish government has prepared an over 91-billion-zloty (about 31 billion U.S. dollars) stability plan for the next two years to appease the effects of the global financial slump, Prime Minister Donald Tusk announced Sunday.
The program included instruments to stabilize Poland's finances and economic growth and aid schemes for enterprises, including a 20-billion-zloty credit scheme for SMEs, Tusk was quoted as saying by Polish news agency PAP.
He also promised more EU-funded investment and bigger spending on renewable energy and telecommunication.
Tusk assured the crisis plan would not affect Poland's finances nor raise the budget deficit.
Also planned is a over 1-billion-zloty "public solidarity reserve fund" to be financed from raised excise on alcohol and foreign cars.
Earlier Sunday Finance Minister Jacek Rostowski said Poland's 2009 GDP growth forecast would be lowered from 4.8 percent to 3.7 percent. (1 U.S. dollar = 2.9354 zloty)
Source:Xinhua
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