EC sees Poland's government debt at 53.9% of GDP in 2010, 59.3% in 2011.

By bne IntelliNews May 6, 2010
The European Commission expects Poland 's general government debt at 53.9% in 2010 and at 59.3% in 2011, the EC has said in its spring forecasts. The EC expects the sector's deficit at 7.3% of GDP and 7.0% of GDP, respectively. The difference of -0.4 pp. in the projected deficit for 2010, compared to the latest projection by the national authorities, is explained mainly by lower projected tax revenues due to a less dynamic growth scenario, the Commission explains. According to the EC, Poland is placed in the middle of the EU's 27 member states both in terms of the debt (the ranking led by Greece with 124.9% and 133.9% in 2010-2011) and of the deficit (with Greece's 11.7 and 12.1%, respectively). ISB

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    5 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    5 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    6 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    19 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss