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Poland’s 2022 budget deficit at PLN 12.4 bn: PM

06.03.2023 12:00
Poland finished 2022 with a budget deficit of PLN 12.4 billion (some EUR 2.6 billion), far below the PLN 30 billion target for last year, Prime Minister Mateusz Morawiecki announced on Monday.
Polish Prime Minister Mateusz Morawiecki speaks at the Public Finance Stability in Unstable Times conference at Warsaws National Stadium on Monday, March 6, 2023.
Polish Prime Minister Mateusz Morawiecki speaks at the "Public Finance Stability in Unstable Times" conference at Warsaw's National Stadium on Monday, March 6, 2023.Photo: PAP/Radek Pietruszka

Meanwhile, the country's general government deficit last year was around 3 percent of GDP, less than initially planned, Morawiecki said at a conference in Warsaw.

 "I can say today that the budget deficit was PLN 12.4 billion in 2022, significantly better than predicted by economists," Morawiecki told the Public Finance Stability in Unstable Times conference.

He added that Poland's general government deficit was "much lower than expected just a few months ago."

"We are now entering ... another period with good prospects for economic growth," Morawiecki declared.

He told the conference that the country's public finances remained stable despite challenges including Russia's war in neighbouring Ukraine.

"Our public finances are very stable and this must be strongly emphasized," Morawiecki said.

Morawiecki told reporters last week that, despite generous government spending, Poland reported a budget surplus in the first month of this year.

Poland's gross domestic product grew 4.9 percent in 2022, according to a preliminary estimate released by the country’s statistics office at the end of last month.

Polish President Andrzej Duda in early February signed into law the country’s budget for 2023, which expects the economy to grow 1.7 percent, with inflation targeted at 9.8 percent.

Monday is day 376 of Russia’s war on Ukraine.


Source: IAR, PAP, TVP Info