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Poland outlines reform commitments under Euro-Plus Pact


2011-05-05



Poland has submitted to the European Commission a list of economic reform commitments undertaken as a result of its decision to join the “Euro-Plus Pact”, created in March by eurozone members led by France and Germany and open to all other Member States. The purpose of the pact is to achieve greater coordination of economic policies in order to better promote competitiveness, employment and fiscal strength. Each year its members are to agree on a set of concrete actions to be achieved within 12 months.

In the area of economic competitiveness, the government aims to prioritise investments in R&D and transport infrastructure. The former include the implementation of new financing and institutional arrangements in scientific research and higher education; the latter involve road, rail, energy and IT infrastructure projects. There are also plans for a further relaxation of business laws and new forms of financing support for SMEs. The government also commits to a wage freeze in the public sector, with the exception of teachers and researchers.

In the area of employment, the government among other things vowed to maintain mandatory disability-insurance contributions at the reduced level. And in the area of fiscal policy, it reiterated its commitment to a new spending rule that caps increases in spending at 1% in real terms.



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