ADVERTISEMENT

Poland’s budget deficit climbs in July

Figures

motioncenter / Shutterstock.com

Poland’s budget deficit reached PLN 16.3 billion (EUR 3.72 billion) at the end of July, the Finance Ministry told the Polish Press Agency (PAP) on Tuesday. 

In the first seven months of the year, budget revenues reached PLN 235.8 billion and were PLN 7.04 billion, or 3.1% higher compared to the same period of 2019, Deputy Finance Minister Piotr Patkowski told the news agency.

In January-July, expenditures amounted to PLN 252.1 billion, up 7.9% from the previous year.

According to the report, the government wanted to achieve a no-deficit budget this year, but their intentions have been derailed by the coronavirus epidemic.

ADVERTISEMENT

Varga: Q1 growth demonstrates ability 'to withstand crisis' Analysis

Varga: Q1 growth demonstrates ability 'to withstand crisis'

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Hungary Grande Partenza 'exceeded all expectations' - gov't ... City

Hungary Grande Partenza 'exceeded all expectations' - gov't ...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.