Poland’s budget deficit widened in February to 32.3 percent of the annual target due to increased subsidy payments to social funds and higher local government costs, Deputy Finance Minister Elzbieta Suchocka-Roguska said.
The result “may seem a high result but it doesn’t mean there’s anything wrong,” Suchocka-Roguska said at a meeting with reporters in Warsaw today. “First-half deficit growth always tends to be faster than in the second half and there is no threat to the 2010 budget plan whatsoever.”
Read more:http://www.businessweek.com/news/2010-03-12/polish-budget-deficit-widened-in-february-deputy-minister-says.html
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