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Koscinski hopes for Sub 3% deficit in 2022; Space for Covid Response Still Exists

POLAND

Koscinski on the deficit:

  • "We are hoping for a 2022 deficit below 3%" of GDP "The debt will fall."
  • Reiterates official 2021 guidance for PLN 82-82 bln budget deficit, 4% GDP growth and inflation below 3%, with most of the deficit intended to stimulate economic revival - PAP
  • Sees no risk that Poland won't be able to afford additional state aid to mitigate new waves of coronavirus
  • May eventually tap markets for more funding if needed, given its relatively low debt
  • Sees 2020 tax revenue similar or even slightly higher than 2019
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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