Poland on track for public finance deficit of 3.4 to 3.5%: official
October 24, 2012
Poland is on track to record a public finance sector deficit of 3.4-3.5% of GDP in 2012 and the government is sticking to its plans of reducing deficit to around 3% of GDP in 2013, deputy Finance Minister Wojciech Kowalczyk told reporters Tuesday.
"We expect the public finance sector deficit this year to reach a level of 3.4 to 3.5% of GDP," Kowalczyk said. "Our goal is to get near to 3% in 2013."
Kowalczyk reiterated the finance ministry's view that an economic recovery in the EU will support Polish GDP growth in H2 2013.
"We assume that there will be a recovery in the European economy and growth in the European Union will positively carry over to Polish GDP growth in the second half of next year," he said.