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

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