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PLN 21.6bn central budget deficit at the end of November


In the first 11 months of 2011 the central budget showed a deficit of just under PLN 21.6bn (approx. €5.3bn), which represents 53.6% of the figure planned for the entire year, according to estimates from the Ministry of Finance. The deficit is lower than at the end of October.

State budget revenues amounted to nearly PLN 255bn (€62.4bn) during this period, while expenditures slightly exceeded PLN 276.5bn (€67.7bn), which translates into 93.3% and 88.3% of the entire year’s plan, respectively.

The 2011 budget bill provides for a deficit of PLN 40.2bn (€9.8bn), but it is expected to be significantly lower.

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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