Government-President Relations and Poland's Credit Ratings: Consequences of Karol Nawrocki's Veto
5 Articles
5 Articles
A record number of presidential vetoes are hampering Poland's ability to effectively implement economic reforms, according to an independent rating agency. According to the government, the president is "sabotaging" and hindering their actions, while PiS claims Karol Nawrocki is vetoing in the interests of the Polish people. Relations between the government and the president could prove problematic for Poland's credit ratings. Why? Read more abou…
Karol Nawrocki's vetoes come at a price. According to Ministry of Finance calculations, six of them could mean as much as PLN 8.04 billion in reduced revenue for this year's budget.
President Karol Nawrocki's vetoes may cost the budget over PLN 8 billion, according to calculations by the Ministry of Finance for "Rzeczpospolita".
President Karol Nawrocki's vetoes in the first year of his term could translate into significant shortfalls in this year's state budget. Ministry of Finance calculations, prepared at the request of the media, show that the financial impact of several rejected bills reaches multi-billion zlotys.
Over PLN 8 billion – according to Ministry of Finance estimates cited by "Rzeczpospolita," this is how much lower state budget revenues could be this year following six vetoes by President Karol Nawrocki. Decisions regarding the tax on windfall fuel profits and excise tax on alcohol were the most significant for public finances.
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