Poland: Budget Deficit Soaring

Politics ♦ Published: April 17, 2014; 12:25 ♦ (Vindobona)

Last year the budget deficit amounted to 4.3 percent of GDP.

The budget deficit in Poland increased to 4.3 percent, up from 3.9 percent in 2012. / Picture: © Vindobona.org

As reported by The Polish Central Statistical Office (GUS) on Wednesday, the budget deficit came at 4.3 percent in 2013. The overall public debts came at 57.0 percent of GDP, equalling PLN 932.509bn, while budget deficit was determined at PLN 70.651bn, according to ESA ’95 methology.

In 2012, the budget deficit stood at 3.9 percent of GDP while the debt rate came at 55.6…