Bloomberg News

Polish First-Quarter Budget Deficit Widens to 66% of 2012 Limit

April 16, 2012

Poland’s first-quarter central government budget deficit totaled 23 billion zloty ($7.2 billion), or 65.6 percent of the full-year limit, the Finance Ministry in Warsaw said today in an e-mailed statement.

Revenue was 63.5 billion zloty, or 21.6 percent of the 2012 ceiling, while spending amounted to 86.5 billion zloty, or 26.3 percent of the cap, according to the statement. The deficit, which totaled 16.5 billion zloty through the end of February, is limited by the government’s 2012 budget law at 35 billion zloty.

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

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


Video Game Avenger
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus