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  • Aug 20th, 2017
  • Comments Off on Poland sees budget deficit much below 50 billion zlotys
Poland's central budget deficit will be significantly lower than 50 billion zlotys ($13.73 billion) in 2017 thanks to an improvement in tax collection, Deputy Finance Minister Teresa Czerwinska said. The budget saw a surplus of nearly 6 billion zlotys in the first half of the year, its best result since the country's transformation from communism in the early 1990s.

The first-half result of the central budget - a narrower measure than the fiscal deficit - underlined not only the conservative government's moves to improve tax collection but also a rebound in economic performance. The 2017 full-year deficit limit is set at 59.3 billion zlotys.



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