2017 will be difficult for public finances - dep. FinMin

Deputy Finance Minister Leszek Skiba said that 2017 will be difficult for public finances and should the deficit exceed three percent GDP, the European Commission would impose an excessive deficit procedure and the costs of servicing public debt will grow. In reply to a parliamentary question, Skiba said that next year the deficit will be only slightly lower than three percent GDP, which is a result of the 500+ benefit program, the lack of one-off revenues from LTE frequency auction and free medicines for seniors.