Budget deficit to reach PLN 30 bln this year

According to Deputy Finance Minister Teresa Czerwińska, the budget deficit in 2017 will amount to PLN 30 billion. At end-October, the budget had PLN 2.7 billion surplus. “Traditional expenditure growth in the last months of the year and the effect of the two amendments to the budget and the budgetary bills for over PLN 11 billion will cause the deficit to be reduced by the end of the year, but it will be significantly lower than the PLN 59 billion planned in the budget for this year and will amount to about PLN 30 billion,” Czerewińska said.

She explained that better-than-expected results come from higher tax revenues, as well as discipline in the implementation of planned expenditures.

Pin It