Budget could record a surplus for the first quarter

The exact figure will be revealed in April. The announcement surprised analysts, as they are "above the forecasts. One could have even expected a slight deficit," said PKO BP economist, Remigiusz Grudzień. This is significant news for the financial markets, as it might mean that on the annual scale the deficit might be below the assumed zł.27 billion. "The deficit might be around zł.2.5-3 billion lower. But for the time being I do not want to be an excessive optimist. It is hard to tell what the second half of the year will bring," announced BPH chief economist Ryszard Petru.