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Republic of Poland: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Poland
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 210
Language:
English
Publication Date:
05 Jul 2016
DOI:
https://doi.org/10.5089/9781498342858.002
ISBN:
9781498342858
ISSN:
1934-7685
Pages:
80
Keywords:
ISCR; CR; tax-free allowance; constitutional court-mandated personal income tax; PIT framework; staff appraisal; retirement age; IMF staff calculation; Inflation; Bank levy; Government finance statistics; Aging; Labor force participation; Global; Central and Eastern Europe
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This paper describes mainly the introduction and performance of the Extended Fund Facility program for Pakistan. Since the start of the program in September 2013, economic growth has gradually recovered, inflation has fallen to low single digits, foreign reserve buffers have been rebuilt, social safety nets have been strengthened, and the fiscal deficit has significantly declined (although public debt remains high). Despite setbacks in privatization earlier in the year due to labor unrest and political opposition, the authorities remain committed to returning ailing public sector enterprises to a sound financial position, including through private participation, and to completing energy sector reform.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund