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
Glass wool production restarts in Hungary after 16-year hiatus
Glass wool manufacturing has resumed in Hungary after a 16-year break, as the first trial products rolled off the production line at a new thermal insulation plant built in northeastern Hungary ... more
Poland signs €200mn deal with ICEYE for reconnaissance satellites
Poland will acquire three synthetic aperture radar (SAR) satellites under a €200mn agreement with Polish-Finnish satellite operator ICEYE, the company said on May 14. The contract comes in the ... more
Erste Group buys 49% of Santander’s Polish unit for €6.8bn
Erste Group acquired a 49% stake in Santander’s Polish bank for approximately €6.8bn, the Austrian lender said on May 5. The Austrian bank, the country’s largest, also agreed to purchase 50% ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
10 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago