Next year’s budget deficit will not be bigger than planned - Rostowski
October 11, 2012
Poland faces "absolutely no risk" of a 2013 budget deficit above the PLN 35.6 billion penned into the budget bill and no element of the Prime Minister's Friday policy speech will change that fiscal outlook, Finance Minister Jacek Rostowski told reporters on Wednesday.
"There is absolutely no risk that the budget deficit for 2013 would be higher than assumed in the budget bill," Rostowski said.
Asked if the Prime Minister's pending policy expose, slated for presentation Friday in Parliament, will affect the 2013 fiscal bottom line, Rostowski indicated no impact.
But specific elements of the PM's newest policy initiatives may nonetheless require tweaks to the 2013 budget bill.
"Today we are at the point of tying down the details [of the policy speech] and you'll see it Friday," he said.
Poland's cabinet put the final touches on its PLN 334.9 billion 2013 budget on September 27 and sent the bill with its PLN 35.6 billion headline deficit to the lower house of Parliament where it should begin its journey on October 23.