President signs budget act

President Andrzej Duda has signed a budget act for 2016, the Chancellery of the President said. The bill stipulates that GDP growth will stand at 3.8 percent, inflation will fall to -1.7 percent and the public finance deficit will total 2.8 percent. The budget also puts the deficit at PLN 54.7 billion, while revenues are to amount to PLN 313.788 billion and expenditures will amount to PLN 368.5 billion.