Morawiecki optimistic about year-end budget

According to Deputy Prime Minister and Minister of Finance, Mateusz Morawiecki, the level of debt in Poland, at the end of 2017, will be lower than earlier forecasts had predicted. “The level of deficit at the end of the year is very likely to be lower than [was] planned originally. While lower – today it is still too early, because honestly speaking, many administrators of the budget at the end of the year accelerating the disbursement of the budget,” said Morawiecki to reporters on the weekend.

The Ministry estimates that the state budget deficit at the end of the year will amount to approximately PLN 41.5 billion, under the budgetary limit of PLN 54.7 billion. At the end of Q3, according to the final data of the Ministry of Finance, the state budget was PLN 24.64 billion, or 45 percent of the plan provided for in the budget for the whole year.

Deputy Prime Minister also told reporters that the Finance Ministry is monitoring the situation on the currency market and considers the current exchange rate as beneficial to the economy. He said that the current weakening of the Polish currency, which, Morawiecki said actually “helps the economy” in the short term, is only a temporary phenomenon.

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