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PLN 27bn central budget deficit at the end of May


In the first five months of 2012 the central budget showed a deficit of just over PLN 27bn (approx. €6.4bn), which represents 77.2% of the figure planned for the entire year, according to estimates from the Ministry of Finance.

State budget revenues amounted to PLN 113.5bn (€26.8bn) during this period, while expenditures totaled PLN 140.5bn (€33.2bn), which translates into 38.6% and 42.7% of the entire year’s plan, respectively.

The 2012 budget bill envisages revenues of PLN 293.8bn (€69.4bn) and expenditures of PLN 328.8bn (€77.7bn), 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 deficit in Poland at the end of May, 2004-2012

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