President signs Polish 2012 budget
PR dla Zagranicy
Peter Gentle
08.03.2012 14:09
President Bronislaw Komorowski has signed into law Poland's 2012 budget, which assumes that the deficit this year will not exceed 35 billion zloty (8.5 billion euros).
State spending will be set at 328.7 billion zloty (just under 80 billion euros) and expected income is estimated at 293.7 billion zloty (71 billion euros)
Assumptions in the budget act include GDP growth of 2.5 percent and average inflation of 2.8 percent.
The law also assumes the average Polish wage will grow by 4.1 percent and employment by 0.8 percent.
The unemployment rate at the end of this year is expected to be 12.3 percent .
The budget also assumes a the wage freeze in the public sector, although teachers will receive a pay rise of 3.8 percent in September, and soldiers and policemen will get an extra 300 zloty (70 euros) in their pay packets. (pg)