Polish government approves 2013 budget amendment

Poland’s government has amended the 2013 budget to better fit slow economic growth, allowing the 2013 deficit to rise by about 16 billion zloty and approving 7.7 billion zloty in spending cuts, the government announced at a news conference on August 20.

The 2013 deficit cap is now at 51.565 billion zloty, rather than the 35.566  billion zloty planned initially.

Prime Minister Donald Tusk said that the spending cuts proposed by the Finance Ministry were met “without any emotion and without any opposition” in the ministries.

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(Photo: Marcin Rolicki/sxc.hu)