Forex berza

Polish Finance Ministry expects the general government deficit to be 7.9% of GDP this year, which is one percentage point lower than the original estimate.

The deterioration in the forecast was due to lower-than-expected tax revenues, especially from direct taxes. Moreover, the impact of financial downturn on the performance of industries was much worse than previously thought.

According to the Ministry, the country's public debt may be around 53.2% of GDP this year, below the 55% threshold provided in the Public Finance Act. Debt is unlikely to exceed the 55% limit until 2014, the government said.