Poland’s Budget Gap to Hit 40 pct of Annual Plan by End-Q1: Financial Minister

Posted April 9th, 2010 in Business news by Ela Pawełek-Lubera

Poland’s budget deficit at end-March is expected to near 40% of the full-year goal already at the end of the first quarter and 80% at the end of the first half, a budget completion agenda released by the Finance Ministry showed.

While deficit accumulation will slow in Q3, Poland will go into the fourth quarter having spent 92% of its full-year target gap.

The 2010 budget bill is built on receipts amounting to 248.87 billion zlotys, including 223 billion zlotys in tax receipts. Spending is seen at 301.1 billion zlotys, giving a budget deficit of 52.2 billion zlotys.

Source: www.warsawvoice.pl

This entry was posted on Friday, April 9th, 2010 at 10:59 and is filed under Business news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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