Poland's Fiscal Policy Overhaul to Tackle Deficit Bias Head-On
The article discusses how Poland can improve its fiscal policy by implementing new rules and increasing transparency. By introducing a medium-term budget framework and binding constraints on spending, policymakers can better control the budget and reduce deficits. Reintroducing an expenditure rule and maintaining fiscal rules at the local government level can also help strengthen fiscal discipline. The NIK, an independent institution overseeing public finances, could play a key role in monitoring fiscal transparency and rule performance. Overall, enhancing fiscal policy in Poland requires a combination of external oversight and internal audit improvements.