How to reduce the huge budget deficit? Here are ideas and advice from economists
The article discusses strategies for improving Poland's public finances without raising nominal tax rates. It highlights potential revenue increases through tax compliance, reducing the shadow economy, and reforming self-employment taxation. Savings could also be achieved by freezing public sector wages and reducing employment. The government faces a projected public finance deficit of 7.1% of GDP by 2027, with rising public debt. Experts suggest a balanced approach to fiscal consolidation, emphasizing the need for a long-term plan to address these challenges. Various proposals include increasing effective tax rates, tightening tax regulations, and auditing public spending for efficiency.