MF: 1.69 billion PLN budget surplus in January

The governmental budget recorded a 1.69 billion PLN surplus for January, the Ministry of Finance reported on Tuesday.

Presenting the budget schedule for the entire year, the Ministry also announced that it expected a budget deficit of 2.22 billion PLN to be reached by the end of February.  The deficit is set to steadily increase month by month, and is projected to equal 54.74 billion PLN by the end of the calendar year.

These projections are part of the government budget bill that was passed on Monday in the Sejm. The bill also assumes that GDP growth will be at 3.8 percent, and that mid-year inflation will equal 1.7 percent.

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