FinMin: Poland's 2017 budget deficit at 2.9% of GDP

Poland plans to keep its 2017 budget deficit below the European Union’s limit of 3 percent of GDP, not exceeding a PLN 59.3 billion threshold, the Ministry of Finance informed on Monday. On August 22, the Ministry of Finance announced that the shortfall is planned at 2.9 percent of GDP. According to the Finance Ministry's forecasts, the level of deficit in Poland is to be at 2.6 percent in 2016, while the economic growth is to reach 3.4 percent in 2016 and 3.6 percent in 2017. Meanwhile, Puls Biznesu estimated that Poland’s budget revenue will grow by PLN 10 billion next to PLN 324 billion, with VAT inflows rising 11 percent to PLN 143 billion thanks in part to better tax collection.