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IMF: Poland's general government deficit at 4.6% in 2014

15th January 2014
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Poland’s general government deficit grew from about 0.75 percent of GDP in 2013 to some 4.6 percent in 2014, the International Monetary Fund said in a report.

In 2015 the ratio is expected to be 3.0 percent, then 2.2 percent in 2016, 2.4 percent in 2017 and 2.2 percent in 2018.

As a result of fiscal deficit growth in 2014, the debt-to-GDP ratio will also grow, the IMF said.

The institution added that changes to Poland’s pension system will influence a decline in public debt by about 9 percent of the country’s GDP. It will also cause the deficit to fall by 0.5 percent of the GDP in 2014.

Poland A.M.

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