Budget deficit in 2014 lower than expected

The budget deficit in 2014 was less than PLN 30 billion, Hanna Majszczyk, deputy finance minister, replied to a parliamentary inquiry.

The 2014 budget bill expected to see the budget deficit at PLN 47.5 billion.

“According to the initial estimates, the budget deficit in 2014 stood at less than PLN 30 billion and was lower than planned by PLN 18 billion,” Majszczyk informed.

She also added that “the difference is a result of higher revenues and expenses lowered by PLN 12 billion.”

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