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


President signs off on 2011 budget


President Bronislaw Komorowski has signed into law the budget bill for 2011. It envisages a central deficit of maximally PLN 40.2bn (approx. €10.3bn), down from PLN 52.2bn ( €13.4bn) officially forecast for 2010 (though the actual figure was just below PLN 45bn or €11.5bn, a senior Finance Ministry official said on 1 February). The general government deficit is to shrink by a third.

State budget revenues are projected to come in at PLN 273.2bn (€70.1bn) this year, while expenditures are to reach PLN 313.4bn (€80.4bn).

The 2011 budget is premised on GDP growth of 3.5%, up from 3% forecast in the 2010 budget, and inflation of 2.3%. The unemployment rate is to fall to 9.9% by the end of the year (from 12.3% at end-2010), thanks to the net addition of nearly 190,000 new jobs.

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.