Gov’t approves draft of the 2017 budget program

Image: Shutterstock

On August 25, Poland’s government approved a preliminary draft of the budget program for 2017.

The program assumes government revenue will stand at PLN 324.1 billion, while expenditures will amount to PLN 383.4 billion. So the budget deficit will not exceed PLN 59.3 billion.

“Poland’s GDP will expand by 3.6 percent in 2017. General government deficit will equal 2.9 percent of GDP. Inflation is to stand at 1.3 percent,” a document stated.

The project also envisages a nominal growth of the average wage by 5 percent along with 0.7 percent increase of employment rate.

According to the latest Finance Ministry’s forecasts, the level of deficit in Poland is to be at 2.6 percent in 2016, while economic growth is to reach 3.4 percent in 2016 and 3.6 percent in 2017.

Pin It