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PLN 21.1bn central budget deficit in Q1-Q3


In the first nine months of 2012 the central budget showed a deficit of PLN 21.1bn (approx. €5bn), which represents 60.4% of the figure planned for the entire year, according to estimates from the Ministry of Finance.

State budget revenues amounted to just over PLN 213.9bn (€50.8bn) during this period, while expenditures slightly exceeded PLN 235bn (€55.8bn), which translates into 72.8% and 71.5% of the entire year’s plan, respectively.

The 2012 budget bill envisages revenues of PLN 293.8bn (€69.8bn) and expenditures of PLN 328.8bn (€78.1bn), 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 September (PLN bn), 2004-2012

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