Gov’t approves 2015 budget draft with PLN 46.08 bln deficit

The Polish government approved a draft budget law for 2015 on Wednesday. The draft stipulates for a deficit of PLN 46.08 billion. Budget revenues are expected to come in at PLN 77.48 billion in 2015. Budget expenditures are seen at PLN 81.28 billion. The government also expects a PLN 3.44 billion negative balance in EU fund operations. Privatization revenue is planned to be PLN 1.2 billion with expenses of PLN 3.63 billion. The deficit will be covered by increasing domestic and foreign financing, the government’s press office said.