Bloomberg News

Polish End-September Budget Gap Widens to 54.5% of 2011 Limit

October 17, 2011

Oct. 17 (Bloomberg) -- Poland’s central government budget deficit through the end of September widened to 54.5 percent of the full-year limit set in the 2011 budget law.

The shortfall totaled 21.9 billion zloty ($7.03 billion), compared with 20.7 billion zloty, or 51.4 percent of the annual ceiling through August, the Finance Ministry said today in an e- mailed statement.

Revenue in the first three quarters was 205 billion zloty, or 75 percent of the 2011 target, while spending totaled 226.9 billion zloty, or 72.4 percent of the plan, the ministry said.

--Editor: Alan Crosby

To contact the reporter on this story: David McQuaid in Warsaw at dmcquaid1@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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