Deficit-to-GDP ratio to fall to 2.5% in 2015 - IMF

Poland’s public sector finance deficit will fall from 3.2 percent of the GDP in 2014 to 2.5 percent in 2015, according to the International Monetary Fund. In 2016 it will decline further to 2 percent. In April the IMF had expected the deficit-to-GDP ratio to be 3.5 percent in 2014 and 3.0 percent in 2015. In May it corrected the 2014 forecast to 3.3 percent. Poland is on a good path to reduce its deficit by more than 1 percent of the GDP by 2016, the IMF said.