Kuwait issues travel warning over Lebanon protests    Erdogan says not a problem for Turkey if Syrian forces are in areas cleared of Kurdish forces    Pompeo seeks to assure Israel US focus stays on Iran 'threat'    Egypt says strategic wheat reserves enough to cover its needs until February    Egypt keen to support DR Congo: Ambassador    Ratcliffe to rely on young talents to help Nice grow    Social media facilitates racist abuse, says Leicester's Morgan    Criticism of Man Utd transfer strategy an insult to club-Woodward    US vaping-related deaths rise to 33, cases of illness to 1,479    Cairo metro back to normal operations following hours-long power disruption    Egypt's Pope Tawadros opens Saint Mary, Mar Youhanna Church in Belgium    Apache Corp. plans to increase investments in Egypt: CEO    Egypt's Irrigation minister reviews latest developments of Ethiopia's Renaissance Dam in Budapest    UK, EU clinch new Brexit deal    U.S. Trump defends Syria pullout, condemned by House in bipartisan vote    'Passports should be valid for six months,' Egypt's foreign ministry advises citizens planning travel abroad    Unpaid work hits 35% of Egypt's GPD, but still not included in economic calculations: IMF    Egypt's FM Shoukry holds talks with Lithuania's govt. chancellor    Egypt's c.bank Oks new regulations tightening control on micro-financing    Dollar, pound tread water, Aussie bolstered by jobs report    European stocks set for cautious open ahead of crucial EU summit    Egypt in talks with World Bank over solid waste management loan    Grand Nile Tower Arts & Cultural Centre launches second round    AUC students win prestigious award at SensUs 2019    Egypt's coach Hossam El-Badry satisfied with winning start despite technical problems    Hundreds released    Luxor's new discoveries    Moroccan film Nomades scoops awards in Alexandria Film Festival    Toshiba's JV with Egyptian Elaraby opens regional HQ in South Africa    Six authors vie for Booker prize 2019, Atwood in the lead    In Photos: A sneak peek into rehearsals for the Cleopatra ballet world premiere    Sisi, Ethiopia's PM to meet in Moscow to discuss GERD issue    Sisi: army engaged in attrition phase against terrorism in Sinai since 2013    10K fans to attend Egypt's friendly against Botswana in Alexandria: EFA    Sisi, Ethiopia's PM agree to overcome obstacles in Nile dam talks    Farwell to Egyptian comic actor Talaat Zakaria    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Poland's PiS pledges more spending ahead of parliamentary election
Published in Ahram Online on 21 - 09 - 2019

Poland's ruling Law and Justice party (PiS) has pledged to provide at least 1 billion zlotys ($250 million) for companies adding to a list of expensive promises ahead of next month's parliamentary elections.
PiS, which came to power in 2015 since when it has led in opinion polls on the back of social spending policies, has been accused by opposition parties of buying support.
"For all companies, including small and medium ones, which want to invest in innovative processes, we will provide...more than 1 billion zlotys," Prime Minister Mateusz Morawiecki told a televised party meeting in Katowice, southern Poland, on Saturday.
He also presented plans for tax relief for the smallest companies.
Poland will hold its parliamentary election on Oct. 13, which most pollsters expect PiS to win due to its generous social spending and robust economic growth.
In February, PiS pledged to increase public spending by up to $10 billion a year, raising child subsidies, state pensions and transport infrastructure..
This month it offered regular annual cash bonuses to pensioners and said it would almost double the minimum wage.
"Even lower taxes, even more money for investment," said Morawiecki. "It is some cost for the budget, but we will bear this cost as we have an efficient and fair state and well-managed public finances."
PiS is aiming to eliminate a budget deficit next year for the first time since 1990, in a move that could help bolster public support for its ambitious social spending plans and other promises.
Critics say the budget targets are too optimistic against the background of an expected economic slowdown.

Clic here to read the story from its source.