In Brief: Q1 Budget deficit; Industrial output

The first quarter central budget deficit stood at 40% of the annual plan and analysts said revenue flows appeared strong despite worries that economic growth may be slower than hoped for by the government. Figures released by the Finance Ministry yesterday showed the January-March budget gap at zł. 15.5 billion against the annual plan of zł. 38.7 billion. The shortfall of 40% of the 2003 plan was in line with market expectations. (Reuters) ... According to a recent poll, unadjusted industrial output is seen up 4.2% year-on-year in March, little changed from the 4.1% growth rate seen in February. (Reuters) A.K.