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PLN 24.8bn central budget deficit at the end of April


2012-05-16



In the first four months of 2012 the central budget showed a deficit of just over PLN 24.8bn (approx. €5.9bn), which represents 70.9% of the figure planned for the entire year, according to estimates from the Ministry of Finance.

State budget revenues amounted to nearly PLN 93.9bn (€22.3bn) during this period, while expenditures totaled PLN 118.7bn (€28.1bn), which translates into 32% and 36.1% of the entire year’s plan, respectively.

The 2012 budget bill envisages revenues of PLN 293.8bn (€69.6bn) and expenditures of PLN 328.8bn (€77.9bn), translating into a projected central budget deficit of PLN 35bn (€8.3bn).

By way of comparison, in 2011 the central budget closed with a deficit of PLN 25.1bn (€6.1bn), well below an official target of PLN 40.2bn (€9.8bn).

Central budget execution in Poland at the end of April (PLN bn), 2004-2012



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