S&P: Budget deficit will grow in 2019

According to S&P Global Ratings analyst for Poland, Frank Gill, Poland’s deficit will increase next year ahead of the parliamentary elections. But should not exceed the 2 percent of GDP threshold.

Locked content Skiba: budget deficit seen 40-50% lower than expected

Tax revenue will significantly exceed the amount planned in 2018 budget, Deputy Finance Minister Leszek Skiba said. The budget deficit should be 40-50 percent lower than expected for this year, he added. At the beginning of October, Finance Minister Teresa Czerwińska said that 2018 deficit should am...

Locked content Czerwińska sees 2018 budget deficit at PLN 25 bln

The budget deficit for this year will be approximately 60 percent of the planned PLN 41.5 billion, Minister of Finance Teresa Czerwińska said to Interia.pl. This would amount to about PLN 25 billion. In the draft budget for this year, the government assumed GDP growth of 3.8 percent, however, after ...

Budget deficit at PLN 0.86 bln at end July – MF

Government budget deficit at the end of July stood at PLN 0.86 billion, i.e. 2.1 percent of the annual plan, the Ministry of Finance estimated. The plan for the whole year is PLN 41.49 billion. At the end of June PLN 9.54 billion surplus was recorded.

FinMin: Next year’s budget deficit at PLN 28.5 bln

The budget deficit planned for 2019 is PLN 28.5 billion, said the Minister of Finance Teresa Czerwińska in an interview with TVP Info. She added that this year’s deficit may be implemented in 60-70 percent. “We have planned a deficit of PLN 41.5 billion this year and there are many indications that ...

Locked content EC report: Poland’s labor market strongest ever

Poland’s labor market situation is the best in its recent history, public debt will continue to decrease (to 49.1 percent of GDP in 2019) and budget deficit should stabilize at 1.4 percent of GDP next year, according to the recently publish report prepared by the European Commission for 27 EU countr...

Locked content 2018 budget deficit expected at 1.4% – EC

Budget deficit is expected to amount to 1.4 percent of GDP in 2018 and in 2019, according to the latest forecast published by the European Commission. Earlier, the EC predicted the 2018 and 2019 deficit to come in at 1.7 percent. In 2017 deficit stood at 1.7 percent, while in 2016 it was at 2.3̷...

Budget deficit reached PLN 25.4 bln last year – FinMin

According to the Finance Minister Teresa Czerwińska, the budget deficit in 2017 amounted to PLN 25.4 billion, which represents 42.7 percent of the value planned in the budget bill, and lower by PLN 20.8 billion compared to 2016. “Such low deficit is not a surprise and has developed at the expected l...

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 budgetar...