Eurostat: Poland's general government deficit to rise to 4.8% of GDP in 2013

By bne IntelliNews October 22, 2013

Poland's general government deficit will probably increase to PLN 79.51bn in 2013 from PLN 62.44bn in 2012, according to the data presented by Eurostat.
In 2012, Poland's GDP amounted to PLN 1,595.23bn (up by 1.9%), while the general government deficit was 3.9% of GDP.
Eurostat said that in 2013, Poland's GDP will amount to PLN 1,642.91bn (which would mean a rise of 3.0%), which would mean that the general government deficit would increase to 4.8% of GDP.
The Polish government's target is 3.5% of GDP for this year (and 3.3% for 2014). In May, the European Commission expected the figure at 3.9% of GDP in 2013 and at 4.1% of GDP in 2014.
The EU stats office also said that Poland's general government debt will increase to PLN 952.09bn in 2013 from last year's 886.87bn.

Related Articles

Ukraine’s NovaPay launches European app for financial services with Polish partner

Ukrainian financial services group NovaPay has launched a European version of its mobile application, aimed at Ukrainians and EU residents, in partnership with Polish payment institution Quicko, ... more

Russian drones targeted Rzeszów airport hub, media claim

Russian drones, which breached Polish airspace in the early hours of September 10, might have been targeting the airport in Rzeszów, which is vital for the West’s military supplies to Ukraine, ... more

Non-performing loans hit historic low in CESEE, but early warning signs emerge, says EBRD

Non-performing loans (NPLs) in central, eastern and south-eastern Europe (CESEE) fell to their lowest levels since the global financial crisis in 2024, but early indicators suggest rising risks ... more

Dismiss