Poland budget deficit up to 14-15 pct of full-year plan after October

WARSAW (Thomson Financial) - Poland's budget will show a deficit of 14-15 pct of the 30 bln zlotys full-year plan for the ten months to the end of October, up from a small surplus after September, Deputy Finance Minister Elzbieta Suchocka-Roguska said.

'We estimate initially that after October, the deficit may have been 14-15 pct,' Suchocka-Roguska told Thomson Financial News.

She reiterated that the deficit for the whole of this year was likely to come in below 23 bln zlotys, compared to the original plan of 30 bln. But she said it was 'hard to say' how much lower than 23 bln it would be.

The Polish budget posted a 198 mln zlotys surplus after the first nine months of this year as economic growth boosted tax inflows into state coffers and agencies kept a tight lid on spending.

Source: By Paweł Sobczak,