This year's deficit increased by PLN 3.9 bln

This year's budget deficit will be increased by PLN 3.9 billion to PLN 49.98 billion, compared with PLN 46.08 billion which was initially planned, said the Ministry of Finance. "According to up to date forecasts, the general government deficit may temporarily exceed three percent of GDP and amount to up to 3.2 percent of GDP, compared with the 2.8 percent planned earlier. On Monday, the Ministry of Finance said the move is motivated by a PLN 12 billion gap in revenue. The Ministry said that revenue from VAT has been lower by PLN 13 billion, compared to the full year plan. The remaining taxes have brought in slightly more, but the total gap stands at PLN 12 billion.