Poland Government Budget

Poland recorded a Government Budget deficit equal to 4.30 percent of the country's Gross Domestic Product in 2013. Government Budget in Poland is reported by the Eurostat. Government Budget in Poland averaged -4.59 Percent of GDP from 1995 until 2013, reaching an all time high of -1.90 Percent of GDP in 2007 and a record low of -7.90 Percent of GDP in 2010. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Poland Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-4.30 -3.90 -1.90 -7.90 -4.00 | 2014/12 1995 - 2013 Percent of GDP Yearly

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Poland Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Budget Value -17492.50 2014-03-31 -11734.70 4407.34 -44591.10 -20839.88 2014-04-30 PLN Million [+]
Government Spending 85016.10 2013-11-15 71380.70 85016.10 16268.00 81010.68 2014-03-31 PLN Million [+]
Government Debt To GDP 57.00 2013-12-31 55.60 57.00 36.80 53.50 2014-12-31 Percent [+]
Credit Rating 67.41 [+]
Government Budget -4.30 2013-12-31 -3.90 -1.90 -7.90 -4.00 2014-12-31 Percent of GDP [+]
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Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
Poland Unemployment Rate at 13.9%  
In February of 2014, Polish jobless rate slowed marginally to 13.9 percent from 14 percent in January. It is the first decline in six months.
Polish GDP Growth Revised Up to 0.6%  
In the fourth quarter of 2013, Poland’s economic growth was revised upwards to 0.6 percent on a quarter-on-quarter basis, up from an earlier estimate of 0.5 percent, but down from 0.7 percent in the previous three-month period.
Polish Unemployment Rate Rises in January  
In January of 2014, Poland’s jobless rate rose for the third straight month to 14 percent from 13.4 percent recorded in December last year. A year earlier, unemployment was recorded at 14.2 percent.
Polish Economy Expands Less Than Forecast in Q4  
Poland's GDP grew 0.5 percent from the previous quarter in the last three months of 2013, down from 0.7 percent in the third quarter as consumer spending recovery was lower than expected.
Poland Unemployment Rises to 7-Month High in December  
In December of 2013, Polish jobless rate rose to 13.4 percent from 13.2 percent recorded in November. It is the highest jobless rate since May of 2013.
Polish Unemployment Rate Rises in November  
In November of 2013, Polish jobless rate increased to 13.2 percent after remaining steady at 13 percent in the previous three months, mainly due to seasonal effects. Last year, November’s unemployment was recorded at 12.9 percent.
Polish GDP Growth Confirmed at 0.6% QoQ in Q3  
In the third quarter of 2013, Poland's economy expanded 0.6 percent over the previous three-month period, up from 0.4 percent in the June quarter. The figures match the initial estimate released earlier November and show that the economy accelerated for the third straight quarter.
Poland Unemployment Rate Unchanged in October  
In October, Polish jobless rate remained unchanged at 13 percent for the third consecutive month, after falling in the previous nine months. Youth unemployment continued to fall when compared with the previous year.
Polish Economy Rebounds in Q3  
Poland's GDP expanded by 0.6 percent quarter-to-quarter from July to September compared to 0.4 percent growth in the previous three month period, according to a flash estimate published by statistics office GUS.
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