Bloomberg News

Poland’s Budget Gap Is Below 21.2 Billion Zloty, PAP Reports

July 12, 2012

Poland’s central government budget deficit dropped to less than 21.2 billion zloty ($6.17 billion) through the first half of the year from 27 billion zloty at the end of May, PAP newswire reported today, citing Deputy Finance Minister Hanna Majszczyk.

Revenue from value-added tax, the biggest source of state income, is running “slightly” below plan and may not meet the 2012 target unless economic growth exceeds government forecasts, PAP quoted Majszczyk as saying.

To contact the reporter on this story: David McQuaid in Warsaw at

To contact the editor responsible for this story: Hellmuth Tromm at

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