IMF: Poland's general government deficit at 4.6% in 2014

Poland’s general government deficit grew from about 0.75 percent of GDP in 2013 to some 4.6 percent in 2014, the International Monetary Fund said in a report. In 2015 the ratio is expected to be 3.0 percent, then 2.2 percent in 2016, 2.4 percent in 2017 and 2.2 percent in 2018. As a result of fiscal deficit growth in 2014, the debt-to-GDP ratio will also grow, the IMF said. The institution added that changes to Poland’s pension system will influence a decline in public debt by about 9 percent of the country’s GDP. It will also cause the deficit to fall by 0.5 percent of the GDP in 2014.