Gov't approves draft budget for 2016

The government has accepted a draft budget for 2016, which sets the budget deficit at PLN 54.6 billion, said Mateusz Szczurek, the Finance Minister at a press conference. Next year's budget act stipulates that revenues will stand at PLN 296.8 billion, while expenses will total PLN 351.49 billion. The Ministry of Finance foresees that in 2016 the GDP growth rate will stand at 3.8 percent and average annual real inflation growth will amount to 1.7 percent. Salaries are expected to grow by 3.6 percent and employment by 0.8 percent.