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Duda Mulls Signing 2024 Budget, POLGB Auction Due

POLAND
  • President Andrzej Duda will in the coming days decide whether to sign the budget bill or send it to the Constitutional Tribunal. DGP reports that the latter option would imply the implementation of the draft bill until the top court issues a verdict, which would temporarily block the option of amending the budget for some time. Finance Minister Andrzej Domancki recently said that the government would likely revise the fiscal plan at some point.
  • Rzeczpospolita reminds that parliament elected seven out of nine members of the National Electoral Commission (PKW) last week but President Duda is delaying their swearing-in ceremony. The newspaper suggests that the head of state may wait until the last possible date, which is in mid-March. The appointment of the new PKW members would allow the authorities to fill the two Sejm seats vacated by two convicted and pardoned Law and Justice (PiS) lawmakers.
  • Poland will offer PLN5bn-7bn of OK0426, WS0429, WZ1129, DS1033 and DS0432 bonds for sale today. Strefa Inwestorow note that the recent auctions were relatively strong, with the first January offering attracting demand for almost PLN16bn versus PLN8bn of bonds on offer and the second one attracting demand for PLN16bn versus PLN10bn on offer.
  • Senior Law and Justice lawmaker Michal Dworczyk said that he did not think Poland will hold a snap parliamentary election in the coming years, as there was "no political space" for such a solution.

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