Poland’s general government deficit widened to 7.1 percent of gross domestic product last year, narrower than the government’s estimate of 7.2 percent, the Central Statistical Office said.
The budget shortfall totaled 95.7 billion zloty ($33 billion) last year, up from 46.9 billion zloty in 2008, as GDP growth slowed to 1.8 percent, revised from a preliminary 1.7 percent, the statistical office said. In 2009, the general government deficit was 3.9 percent of GDP, while the economy expanded 5 percent. European Union rules require member countries to keep their deficit ratios at or below 3 percent.
Read more: http://www.businessweek.com/news/2010-04-22/polish-2009-budget-deficit-widens-2009-gdp-growth-revised-up.html
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