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PLN 20.7bn central budget deficit at the end of August


In the first eight months of 2011 the central budget showed a deficit of just over PLN 20.7bn (approx. €5.2bn), which represents 51.6% of the figure planned for the entire year, according to estimates from the Ministry of Finance. The deficit was thus lower than at the end of July, when it reached 52.4% of the plan.

State budget revenues amounted to nearly PLN 181.2bn (€45.5bn) during this period, while expenditures exceeded PLN 201.9bn (€50.7bn), which translates into 66.3% and 64.4% of the entire year’s plan, respectively.

The 2011 budget bill provides for a deficit of PLN 40.2bn (€10.1bn). The Ministry of Finance has indicated, however, that the full-year deficit figure is likely to be lower, perhaps substantially so.

By way of comparison, in 2010 the central budget closed with a deficit of just under PLN 44.6bn (€11.2bn), which represented 85.4% of the official plan.

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