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Deficit lower than expected?

20th December 2013
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The deficit of the Polish public finance sector may be 0.5 percentage points lower than the 4.8 percent of GDP that was expected earlier, Ludwik Kotecki, chief economist at the Ministry of Finance, said on Thursday. This will be possible thanks to a budget deficit about zł.8 billion lower than planned.

If the budget deficit is almost zł.8 billion lower, this would come as a surprise, Mr Kotecki said, but he believes at least part of such a reduction is possible.

The result of the whole public sector also depends on local governments, Mr Kotecki stated. “After three quarters of 2013, they recorded a surplus of zł.8 billion. The question is what will happen in the fourth,” he added.

Poland A.M.

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