FinMin sees Polish 2013 budget deficit by around EUR 2bn below plan

By bne IntelliNews January 3, 2014

The central budget posted a deficit by around PLN 8bn (EUR 1.92bn) below the updated annual plan of PLN 51.57bn (the original annual limit was PLN 35.57bn), according to vice-minister of finance Hanna Majszczyk. She stressed that this estimate was preliminary and was subject to change.
More precise preliminary data are due in late January, while the final data should be published in march, the minister also added.
Recently, the ministry published the preliminary data concerning the 11-month budget gap - it was PLN 38.54bn, or 74.7% of the updated annual plan.
Earlier, director of the ministry's public debt department Piotr Marczak said that in the whole year, the gap will be by PLN 8-9bn below the yearly limit.

Read in IntelliNews Pro

Get IntelliNews Pro

Related Articles

Second rating blow for Warsaw-listed debt recovery firm GetBack

Credit rating agency S&P on April 24 suspended the B/B rating of major Polish debt recovery firm GetBack, ... more

EU top court rules Poland broke law by logging in ancient forest

Poland broke EU law by increasing logging in the ancient Bialowieza Forest under a pretext of fighting spruce beetle, the Court of Justice of the European Union (CJEU) ruled on April 17. The ... more

S&P raises Poland’s outlook to positive on rosy prospects of economy in 2018

Standard and Poor’s raised its outlook for Poland from stable to positive on April 13, while maintaining the country’s rating at BBB+. The raising of the outlook is based on ... more

Dismiss