Poland Plans to Hike Taxes on Banks, Alcohol in Bid to Control Ballooning Deficit
Poland's government has announced plans to increase taxes on banks and alcohol in a bid to control its growing budget deficit. The proposed measures include raising taxes on banks' assets and imposing higher excise duties on alcohol. These changes aim to generate additional revenue to fund increased spending on defense and social welfare programs. The move comes as Poland faces a ballooning deficit, driven by the country's commitment to bolstering its military capabilities and providing social benefits to its citizens. The tax hikes are part of the government's strategy to address the growing fiscal challenges while maintaining its priorities in national security and social support. The article suggests these proposals are the government's efforts to balance its budget and manage the country's financial situation effectively.
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