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August budget deficit the lowest in 7 years

19:13

The budget deficit amounted to PLN 14.9 billion at the end of August 2016. It stood at 27.3 percent of this year's budget deficit plan, the Ministry of Finance announced. It is therefore lower than the planned PLN 29.24 billion.

The August deficit was PLN 11 billion lower than it was in August 2015 and was the lowest in this period in seven years, the ministry said.

In the January-August period, budget revenues were 14.6 percent higher y/y and tax revenues grew by 7.4 percent y/y.

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