Polish central banker warns of fiscal consolidation, tax hikes, 800+ changes

NBP board member Ludwik Kotecki outlines a plan for Poland's fiscal repair, including ~160 billion PLN consolidation over four years, new taxes, and income criteria for the 800+ child benefit, contingent on lower defense spending if geopolitics allow. He warns that if politicians fail to act, markets will force the adjustment, signaling potential fiscal tightening and market pressure on Polish assets.

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