27th July 2011
Thursday, May 17th, 2012
Poland to be deficit-free by 2015?
Poland should be deficit-free by 2015, said Finance Minister Jacek Rostowski, in a bold statement just two and a half months before the upcoming elections, Rzeczpospolita reported.
Mr Rostowski also said that the government will stay deficit-free as long as the country's debt-to-GDP ratio doesn't fall below 40 percent. The minister believes that the latest that's going to happen is 2018.
According to official data, the debt-to-GDP ratio will be a little bit lower than in 2010 and will reach 52.8 percent. Last year, according to national calculation methods, it was 53 percent, whereas according to the EU's calculations, it was 55 percent.
From Warsaw Business Journal
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Poland's current account, trade deficits narrow
Poland's public debt to fall below 50%: finance minister
Budget deficit grows
Polish budget deficit at 65% of full-year plan at end of Q1
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