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PLN 30.4bn central budget deficit at the end of November


In the first 11 months of 2012 the central budget showed a deficit of just over PLN 30.4bn (approx. €7.3bn), which represents 86.9% of the figure planned for the entire year, according to estimates from the Ministry of Finance.

State budget revenues amounted to nearly PLN 263bn (€62.7bn) during this period, while expenditures totalled PLN 293.4bn (€70bn), which translates into 89.5% and 89.2% of the entire year’s plan, respectively.

The 2012 budget bill envisages revenues of PLN 293.8bn (€70.1bn) and expenditures of PLN 328.8bn (€78.4bn), 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 November, 2004-2012

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