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Poland’s 2018 budget deficit at PLN 10.4 bn: finance minister

PR dla Zagranicy
Grzegorz Siwicki 07.02.2019 11:00
Poland finished 2018 with a budget deficit of PLN 10.4 billion (some EUR 2.4 bn), just a quarter of the target for last year, the country's finance minister said on Thursday.
Polish Finance Minister Teresa Czerwińska. Picture: Polish RadioPolish Finance Minister Teresa Czerwińska. Picture: Polish Radio

Teresa Czerwińska told public broadcaster Polish Radio that government revenue approached PLN 380 billion last year, while spending came to just over PLN 390 billion.

Czerwińska said in December Poland’s budget deficit and debt were shrinking on the back of efforts to ensure spending discipline and a growing stream of tax revenue.

Polish President Andrzej Duda last month signed into law the country’s budget for 2019, which expects the economy to grow 3.8 percent, with the budget deficit targeted at PLN 28.5 billion (EUR 6.6 billion).

(gs/pk)

Source: IAR/PAP

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