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 the PLN 500 for every child program. The Prime Minister also said that the government expects that new sources of revenues, such as the banking tax and large retailers tax. The 2016 budget bill was adopted by the PO-PSL coalition in September. It stipulated the budget deficit to be PLN 54.6 billion.