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.

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

Dismiss