Poland’s Ministry of Finance estimates that this year’s budget deficit may be up to zł.9 billion lower than expected, according to Finance Ministry Chief Economist Ludwik Kotecki. This means that the deficit is likely to be zł.42.5 billion instead of zł.51.5 billion at the end of 2013.
Monthly reports on the budget published by the ministry have already shown that revenues are higher than expected. At the same time, spending has declined. The ministry’s analysts expect the positive trend to continue.
From Warsaw Business Journal
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