Final data see Poland's central budget deficit at 73.0% of plan at end of July

By bne IntelliNews September 3, 2013

The central budget posted a deficit of PLN 25.95bn (EUR 6.06bn) at the end of July, which is 73.0% of the annual plan, as the ministry of finance has announced in its final data. Last month, it saw the seven-month gap at PLN 25.92bn, or 72.9% of the yearly limit, according to its preliminary data (a month earlier, it reached 72.7% of the annual limit).

In January-July, the budget revenue reached PLN 158.50bn. i.e. 52.9% of the plan, and expenditure - PLN 184.45bn, i.e. 55.1%.

According to the ministry's earlier budget realization schedule, the seven-month gap was projected at PLN 26.29bn, or 73.9% of the ceiling. It is worthwhile to note, however, that Poland's central budget deficit is a much narrower concept that the general government deficit.

In late August, the government passed an amendment to the 2013 budget law, raising the central budget deficit's limit by PLN 16bn to PLN 51.6bn. The move was  accompanied by cuts in public spending to the tune of PLN 7.66bn vs. the plan, presented in mid-July, of PLN 8.0-8.6bn.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Protests against judiciary reform continue to rock Poland

Polish protests against the government's judiciary reforms continued for a sixth day on July 23, as crowds sought to add to pressure on President Andrzej Duda to veto the controversial bills that ... more

Czech judiciary denounces Poland's move to end separation of powers

Senior Czech judges on July 21 denounced Poland's judicial overhaul as an attack on the rule of law. With big street protests in the Czech Republic's neighbour seemingly gathering momentum – 120 ... more

Strongly profitable Czech petrochemical maker Unipetrol puts cracker explosion behind it

Unipetrol looks to have finally got over the August 2015 fire and explosion that wrecked its steam cracker, an indispensable installation in the production of ethylene feedstock needed to manufacture ... more

Most Read

  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    2 days ago
  2. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    3 days ago
  3. Ukrainian farmers turn to Donbas veterans for protection from raiders
    2 days ago
  4. EU allows Gazprom to use an additional 40% of OPAL gas pipeline's capacity
    3 days ago
  5. KRUK REPORT: Saakashvili is stripped of Ukrainian citizenship as Poroshenko’s re-election campaign gets underway
    1 day ago
  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    2 days ago
  2. CHINA RISING: When sleeping giants meet
    17 days ago
  3. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    3 days ago
  4. Belarus’ retail king Euroopt goes on the road
    22 days ago
  5. STOLYPIN: Russia’s cyber-challenge cuts both ways
    24 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss