Poland Continues Austerity Program

Politics ♦ Published: September 27, 2012; 19:14 ♦ (Vindobona)

Today, the Polish Ministry of Finance has issued the government´s final budget bill for next year. The budget deficit is estimated to shrink slightly. Poland´s GDP Expected to Grow by 2.2% in 2013.

Poland Continues Austerity Program / Picture: © Vindobona.org

Last year, Poland´s budget deficit came at PLN 55.9bn. In 2012, the budget deficit is forecasted to reach € 46.1bn, the Ministry said today. As a result, Poland will show a deficit of 2.9% of GDP this year. Further improvements are expected. Next year, the budget deficit is anticipated to reach 2.6%. This corresponds to PLN 35.5bn.

At the moment, Poland´s public debt quota…