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Tusk unveils USD55b stimulus package to sustain Polish economy  Join our daily free Newsletter

MENAFN - 13/10/2012

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(MENAFN) Poland's Prime Minister Donald Tusk has announced over USD55 billion stimulus programme to support growth and jobs ahead of a confidence vote he called amid a surge in popularity for the opposition as the economy slows, AFP reported.

Poland's economic growth is expected to cool to 2.5 percent this year from 4.3 percent last year.

The government expects growth to slow further to 2.3 percent next year, and the jobless rate stands at 12.5 percent in the nation of 38.2 million.

In Tusk's plan, USD19 billion will be invested in projects including in new coal-fired power plants, a LNG terminal and pipelines.

He also unveiled a plan to create a USD12.64 billion investment fund, to be backed by shares in state-owned companies that would seek to boost job creation through to 2015.

Another USD12.64 billion were pledged to upgrade motorways over the next three years, while USD9.5 billion will be spent on railway modernization though 2015.

 






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