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.

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