The newspaper recalls the assessment of the Fitch agency, which writes that “The result of the presidential election in Poland will most likely still create difficulties for economic reforms and permanent fiscal consolidation and may deepen institutional conflicts“.
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Politics will make the deficit reduce
She also indicated that The presidency of Karol Nawrocki will most likely still hinder the implementation of the policy of the ruling coalition.
“Rzeczpospolita” also recalls the statement of Milan Trajkovic, deputy director at Fitch Ratings and the main analyst, among others for Poland. In an interview with “Parkiet” He was skeptical at the government's government reduction plans And he assessed that significant progress of fiscal consolidation in Poland can be realistically expected in the years 2026 and 2028. It can also happen in 2025 and 2027, but our base forecast assumes that the political atmosphere may not favor this He commented.
The diary also reminds that Fitch has been talking about a significant deterioration in the fiscal situation in Poland for months. “This is no longer a gradual increase in debt,” said Trajkovic. The fiasco of fiscal consolidation plans is mentioned as the main risk factor for our rating and its perspective.
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Donald Tusk not ready for unpopular cuts
The newspaper also reads a quote from one of the agency reports a few days ago. “Weakening of confidence in the government's ability to conduct fiscal consolidation in accordance with the stabilization of debt at a level similar to countries with similar rating in a medium period is a risk factor for the Polish rating” A- “with a stable perspective”-warned the agency.
“Rzeczpospolita” also recalls the assessment of the situation by another important rating agency, Moody's. She also assessed that Consolidation can be delayed because the government of Donald Tusk will not strive for unpopular cuts.
In turn, S&P Global wrote about “growing fiscal risk” and assessed that the prolonged political impasse suggests that the probability of conducting fiscal reforms is low. “At the same time, agencies notice numerous advantages of the Polish economy, including Solid economic growth, diversification of our economy, flexible labor market and products or an educated labor force” – we read in the newspaper.
