General gov’t deficit seen at 1.4% GDP, debt at 49.6% in 2018

Poland’s general government deficit (central and local government sector) is expected at 1.4 percent GDP in the current and next years, compared to 1.7 percent in 2017, European Commission (EC) reported. In November EC forecasted government deficit at 1.7 percent GDP in 2018 and 1.9 percent in 2019. According to the Commission's spring forecasts, the general government debt will fall to 49.6 percent of GDP in 2018 (from 50.6 percent a year earlier), and then to 49.1 percent in 2019.