Poland’s 2017 budget deficit at PLN 25.4 billion: finance ministry
PR dla Zagranicy
Grzegorz Siwicki
01.02.2018 08:30
Poland finished 2017 with a budget deficit of PLN 25.4 billion (some EUR 6.11 bn), far lower than originally planned, the country's finance ministry has said.
Photo: frycyk01/pixabay.com/CC0 Public Domain
The deficit was 42.7 percent of the PLN 59.3 billion limit set for the year, according to preliminary data released by the finance ministry on Wednesday.
Last year’s deficit was PLN 20.8 billion lower than in 2016, when it stood at PLN 46.2 billion, the ministry said.
Finance Minister Teresa Czerwińska told reporters that the country’s 2017 budget deficit was one of the lowest in years, chiefly due to factors such as improved value-added tax collections.
Government revenue totaled PLN 350.5 billion in 2017 and was PLN 25.1 billion higher than planned, according to the ministry.
The government earned 11.4 percent more than in 2016, officials said.
Meanwhile, spending stood at PLN 375.9 billion, rising from PLN 360.8 billion in 2016, the ministry said.
(gs/pk)
Source: PAP