Warsaw (Puls Biznesu) – The Minister of Finance Miroslaw Gronicki presented his budget assumptions yesterday. Prime Minister Marek Belka said that it was very cautious. Analysts agree but stress that the document is not very precise. The market did not react to the news.
According to Maciej Reluga, chief economist of BZ WBK, it is highly probable that Poland will achieve 4 percent GDP growth and 1.5 percent of inflation. ‘Even better results are possible. What surprises me is the deficit. Earlier, the minister said it would amount to PLN 30 billion (EUR 7.4 billion), and now he changed it into PLN 28-34 billion. This is a sign that a bigger deficit is possible’, he added. Miroslaw Gronicki assured that the higher level of the range will not become true. ‘We will try to decrease it. We hope the deficit to be in the middle’, the Minister of Finance said.
(PLN 1 = EUR 0.248)