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Poland: Budget Deficit to Peak in 2013

Published: July 22, 2013; 19:38 · (Vindobona)

This year, Poland´s budget deficit is expected to reach 4.4% of GDP. The country still has a stable public sector, Moody´s comments.

Poland: Budget Deficit to Peak in 2013 / Picture: © Moody's Investors Service, Inc. - Annual Report 2013

According to Moody´s, Poland´s fiscal deficit will expand to 4.4% of GDP this year. Last week, Poland´s government announced that the austerity path must be postponed in order to strengthen economic growth.

This year, Poland´s government will increase its budget deficit by € 3.9bn. This corresponds to 1% of GDP. This is mainly due to the revenue shortfall, which comes at…

This article includes a total of 238 words.

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