Poland reports unexpectedly large budget surplus in January

WARSAW, Poland: Poland posted a 3.09-billion-zloty (US$1.03 billion; €791 million) budget surplus in January, the Finance Ministry said Thursday.

The result is better than the ministry's earlier forecast that the January surplus would amount to between 1.4 billion and 1.5 billion zlotys (US$470 million and US$503 million; €360 million and €384 million).

The government full-year target foresees a 30-billion-zloty (US$10 billion; €7.7 billion) budget deficit, or 2.7 percent of gross domestic product.

Source:iht.com