Polish Budget Deficit Widens to 97.5% of 2012 Limit

Poland’s central government budget deficit widened to 34.1 billion zloty ($10.5 billion) at the end of October, or 97.5 percent of the full-year limit, the Finance Ministry in Warsaw said in an e-mailed statement.

Revenue was 238.1 billion zloty, or 81.1 percent of the 2012 plan, while spending amounted to 272.2 billion zloty, or 82.8 percent of the cap, according to today’s statement. The deficit, which totaled 21.1 billion zloty through the end of September, is limited by the government’s 2012 budget law to 35 billion zloty.

To contact the reporter on this story: David McQuaid in Warsaw at dmcquaid@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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