Fiscal Deficit To Overshoot Government Forecast

August 2009
Emerging Europe Monitor: Central Europe & Baltic States;Aug2009, Vol. 16 Issue 8, p3
Country Report
The article reports on the decision of Polish government to raise its fiscal deficit by almost 50% to gain traction in economic downturn in 2009. It notes that the move of the government is expected to assume economic growth rate in gross domestic product (GDP). However, the revision of budget deficit target would likely overshoot the government's forecast. In this regard, the plan to adopt euro in the country is delayed, however, it is anticipated to materialize in 2013.


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