Lower general deficit is possible
April 21, 2017
The Polish government should be able to deliver a lower general government deficit this year than the forecast of 2.9% of GDP included in the convergence program update, given good economic situation and outlook for improved tax collection, ING BSK bank chief economist Rafal Benecki told Puls Biznesu daily. Keeping the deficit in a range of 2-3% of GDP during strong economic conditions is not a good solution for public finance, he said. Ratings agencies won't be able to hike Poland's ratings despite the handle on the deficit, Benecki says.