Prof. Balcerowicz questions whether Poland can handle a larger public debt

Leszek Balcerowicz, a prominent economist and former deputy prime minister, sharply criticized the current government's economic policies during an interview on RMF FM.

Leszek Balcerowicz

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The expert in economic policy pointed out that the budget deficit is rising, and unnecessary spending is being maintained.

Balcerowicz also expressed his support for Rafał Brzoska, a Polish entrepreneur and founder of InPost, a leading e-commerce and parcel delivery company in Poland, in his efforts to deregulate the Polish economy.

Can Poland handle a larger public debt? An expert critically evaluate the government's economic approach

Earlier, Professor Balcerowicz shared on social media, citing data from The Economist, that Poland ranks among the highest in Europe for budget deficit.

In 2024, the deficit is projected to be 5.7% of GDP, significantly higher than the Eurozone average of 3.2%.

For comparison, Germany's deficit is 1.8%, the Czech Republic's is 2.4%, Denmark's is 2.1%, Sweden's is 1.2%, the Netherlands' is 0.7%, and Switzerland's is 0.7%.

Jesteśmy w czołówce na Europy
pod względem deficytu budżetu:
w 2024 r. wynosił on on 5.7% PKB.
Średnia dla strefy euro: 3.2%, a
w Niemczech 1.8, w Czechach
2.4, w Danii 2.1, w Szwecji 1.2,
w Holandii 0.7, w Szwajcarii O.7.
(The Economist).
Polskę "stać" na większy dług
publ?

— Leszek Balcerowicz (@LBalcerowicz) February 26, 2025

Professor Leszek Balcerowicz is a former deputy prime minister, and one of the architects of Poland's post-communist economic reforms.

(m p)

Source: RMF FM/X/@LBalcerowicz