Gov't approved budget assumptions

The government has approved budget assumptions for 2017, according to which GDP growth will stand at 3.9 percent, inflation - 1.3 percent and the unemployment rate will reach 8.1 percent at the end of the year. The budget deficit is expected to total 2.9 percent of GDP. According to assumptions, private consumption will grow by 4.1 percent, while the share of private investment in GDP will amount to 16.2 percent. The government has also earmarked a one-off addition to pensions valued at PLN 1.5 billion in total, which is to compensate for the low valorization rate of 0.24 percent this year.