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


 

Local government accounts show PLN 6.6bn surplus in H1


2012-08-22



In the first six months of 2012 the local government sector generated a budget surplus of just over PLN 6.6bn (approx. €1.6bn), according to figures from the Ministry of Finance.

Local government revenues amounted to PLN 88.3bn (€20.8bn) over this period, up 5.2% compared with a year earlier and representing 48% of the annual plan; while expenditures totaled PLN 81.7bn (€19.2bn), up 4.2% y-o-y and 41.3% of the figure planned for 2012 as a whole.

At the end of June local government debt stood at PLN 64.4bn (€15.2bn), up 15% y-o-y and 35% of the total revenues forecast for 2012.

In 2012 as a whole local government accounts are projected to show a combined deficit of PLN 13.7bn (€3.2bn).



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.