General government deficit at 3.6% GDP in Q3
11:23
The general government deficit, i.e. the deficit of the central and local governments and the social security funds controlled by these units, stood at PLN 15.3 billion in Q3, which corresponds to 3.6 percent of GDP, the ministry of finance informed.
“The deficit of central and local government institutions under the accounting framework ESA 2010 amounted to PLN 30.9 billion, i.e 2.5% GDP between January and September 2014”, the ministry stated.
The General government deficit stood at PLN 66.9 billion (4.0 percent GDP) at the end of 2013 under the ESA 2010 framework.
