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President signs 2012 budget


President Bronislaw Komorowski on 7 March signed off on the 2012 budget bill, enacted by the Sejm five days earlier. The bill envisages revenues of PLN 293.8bn (€70.5bn) this year and expenditures of PLN 328.8bn (€79bn), translating into a projected central budget deficit of PLN 35bn (€8.4bn).

It is premised on the following macroeconomic assumptions: GDP growth of 2.5%, annual inflation of 2.8%, and an unemployment rate at the end of 2012 of 12.3%.

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