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General government deficit may rise to 6% GDP in 2024

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General government deficit may rise to 6% GDP in 2024
Source: Pixabay

ING Bank Śląski economists predict that Poland's general government sector deficit could reach around 6% of GDP in 2024, slightly down from 5.2% in 2023. They express skepticism about the government's budget proposal, particularly regarding the optimistic assumptions of a 24.6% y/y increase in VAT revenue amid slower GDP growth.

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