General government deficit seen at 0.9% GDP in 2018 and 2019
09:19
European Commission (EC) forecasted Poland's deficit in the general government sector at 0.9 percent of GDP this year and in 2019 versus 1.4 percent of GDP in 2017. In 2020, the Commission expects the deficit to rise to 1 percent of GDP.
In May the Commission expected a deficit of 1.4 percent of GDP for this and next year. The main factors contributing to the decline in the deficit this year are a strong increase in tax revenue as well as a good situation on the labor market, EC said.
