PMR Online access    |   tel. +48 12 340 51 00    |   E-mail:


Budget deficit at PLN 25.1bn in 2011


The central budget deficit amounted to PLN 25.1bn (approx. €6.1bn) in 2011, i.e. just 62% of the official projection of PLN 40.2bn (€9.8bn), the Ministry of Finance says in a new report Public finances in Poland during the crisis, released on 22 February. The better-than-expected fiscal performance achieved last year was due chiefly to a substantial reduction of public spending. As a result, state budget expenditures were PLN 10.7bn (€2.6bn) lower last year than originally planned. Revenues were also higher than projected.

The report notes that as the only EU country to avoid recession during the past four years, Poland’s GDP grew by a cumulative 15.8% between 2008 and 2011, by far the best result in the entire EU and almost twice the figure achieved by second-placed Slovakia (8%). The EU economy as a whole contracted by 0.5% over the four-year period.

The 2012 budget bill provides for a deficit of PLN 35bn (€8.5bn).

Browse and search in our archive »

subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »

Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.