Locked content Budget deficit at PLN 3.1 bln after February

The budget deficit amounted to PLN 3.1 billion at the end of February 2016. It stood at 5.7 percent of this year’s budget deficit plan, the Ministry of Finance announced. By the end of February, budget revenues amounted to PLN 56.1 billion, or 5.7 percent of the annual plan. Budget expenditure...

Locked content MF: 2015 deficit was not higher than PLN 44 billion

The Ministry of Finances announced on Tuesday that the nation’s budget deficit did not exceed 44 billion PLN in 2015, meaning that the government managed to keep the shortfall within 3 percent of Poland’s GDP. This renders the first estimate of the deficit made on January 26 invalid, in ...

Locked content Budget deficit for 2016 will not exceed 3% GDP

An amendment to the 2016 budget bill will be presented within the next few days and the deficit will not surpass three percent GDP, said deputy Finance Minister, Leszek Skiba on Wednesday. In November, Prime Minister, Beata Szydło said that the next budget will encompass social projects, including t...

Locked content This year’s deficit increased by PLN 3.9 bln

This year’s budget deficit will be increased by PLN 3.9 billion to PLN 49.98 billion, compared with PLN 46.08 billion which was initially planned, said the Ministry of Finance. “According to up to date forecasts, the general government deficit may temporarily exceed three percent of GDP ...

Locked content Gov’t to increase 2015 budget deficit by PLN 3-4 bln

The government will increase the budget deficit during its Tuesday sitting by around PLN 3-4 billion, the Ministry of Finance said. The move is motivated by a PLN 12 billion gap in revenues. The Ministry said that revenue from VAT have been lower by PLN 13 billion, compared to the full year plan. Th...

Locked content Budget deficit at PLN 34.49 bln

The budget deficit amounted to PLN 34.49 billion at the end of October 2015. It stood at 74.8 percent of this year’s budget deficit plan, the Ministry of Finance announced. By the end of October budget revenues amounted to PLN 238.91 billion, or 80.4 percent of the annual plan. Budget expendit...

MF revises September’s deficit

The budget deficit amounted to PLN 31.14 billion at the end of September 2015. It stood at 67.6 percent of this year’s budget deficit plan, the Ministry of Finance announced. The ministry revised the initial estimates by PLN 10 million.