Poland's finance ministry proposes lower than expected 2008 deficit
09.20.07, 10:53 AM ET
WARSAW (Thomson Financial) - Poland's finance ministry said it would propose a 2008 budget deficit of 28.6 bln zlotys to the cabinet, despite new spending measures passed by parliament this month that it had said would lift the deficit cap to 30 bln zlotys.
'We have finished work on next year's budget act. It can be sent to parliament at the end of September,' Finance Minister Zyta Gilowska told a news conference.
'After incorporating EU aid and co-funding, the increased family tax break passed by parliament and bigger-than-expected inflows from dividends from state companies, we want to propose a deficit of 28.63 bln zlotys,' she said.
