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President signs off on important fiscal bill


President Bronislaw Komorowski has signed into law a budget-related bill that among other things imposes a pay and benefits freeze in the general government sector, as part of measures to keep budget deficit and public debt levels under control.

The bill also introduces a freeze on benefits from the Labour Fund and the State Fund for the Rehabilitation of the Disabled Persons (PFRON) and an increase in the excise tax on tobacco products, and for the first time imposes an excise duty on dried tobacco.

The bill will come into effect on 1 January 2013.

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