The hidden public debt is important for the sustainability of public finances, both in Poland and in the world. The latest financial crisis and expanding a scope of state responsibilities have contributed to the global increase in this type of debt.
Most countries of Western Europe used various types of austerity programs aimed at reducing the budget deficit in order to get out of economic trouble. Professor Alberto Alesina, an economist from Harvard University, examined which of these measures worked best.
5,000 Slovak firms operate from tax havens
Poland: unemployment up in December’18
In December 2018, the National Assembly of the Republic of Serbia adopted the state budget for 2019. The GDP growth is projected to be 3.5 per cent, and the budget deficit is estimated at 0.4 per cent of GDP.
Ukraine: new sanctions on Russian individuals and legal entities
Romanian government adopted new corporate taxes
New financing operations between EIB and Ukraine
Sofia with EUR42.5m deal for public transport e-ticket system
Poland: can COP24 be a success?
CSE households spent the most in the EU on food
According to the OECD experts, there is no significant need to increase the taxation of various forms of household savings in the developed countries but a lot could be improved in the design of these taxes.
A decent living in Romania costs monthly EUR1,451
Polish government to overhaul the country’s income tax system
In 2015, the Serbian government adopted the National Program for Suppression of the Shadow Economy, which may be one of the largest in Europe.