Budget after first quarter shows that expenditure is running ahead of revenues

The Finance Ministry announced that the budget deficit up to April amounted to zl. 16.43 billion, which is equivalent to 41.1% of the total planned deficit for the whole year. The budget envisages a deficit exceeding zl. 40 billion. Although expenditures slightly rose, the deficit is lower in comparison with the first quarter of 2001. The Ministry announced that budget revenues after the first quarter this year equaled zl. 31.294 billion, which is 21.6% of revenue projected for 2002, while expenditure stood at zl. 47.72 billion, which is 25.8% of total expenditure planned for this year. (Parkiet, p. 1) A.K.