Euro-hopeful Poland will meet a key condition for joining the eurozone by reducing its public deficit to 3.0 percent of gross domestic product by the end of 2012, Prime Minister Donald Tusk said Friday."At the end of 2012, Poland will fulfill the main Maastricht (Treaty) criteria, this means a public deficit which does not exceed 3.0 percent of GDP," Tusk said in a speech outlining the economic program of his centrist coalition government for the coming years.
Poland's public deficit hit 6.3 percent of GDP in 2009 and is expected to rise to 7.0 percent in 2010 as the government maintains spending levels to keep the economy on track.
Brussels has given Warsaw until 2012 to rein in its public deficit under the 3.0 percent of GDP limit specified by the Maastricht Treaty governing criteria for entry into the eurozone.
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