WARSAW: Poland's general government deficit stood at 4.3 percent of gross domestic product in 2013, a source on Tuesday quoted an official document as stating - below the European Commission's 4.4 percent forecast.
Poland targets a surplus this year of 5.0 percent, reverting back to a deficit in 2015 which, at 2.9 percent, it expects to be below the EU ceiling of 3 percent.
Both projections factor in pension reforms that include a one-time transfer of billions of zlotys worth of assets from several pension funds to the state social security system.
The statistics office reported earlier this year that Poland's economy grew by 1.6 percent in 2013, a touch above the 1.5 percent envisaged in the budget.
Comments
Comments are closed.