Poland’s general government surplus remains 0.3% of GDP in Q1

WARSAW: Poland’s general government sector sported a surplus of 0.3% of GDP in Q1, the Finance Ministry said in a quarterly report.

“The balance of the general government sector in Q1 2015 was at PLN 1.4 billion, i.e. 0.3% of GDP and was PLN 3.0 billion better year on year,” the ministry said. “The primary surplus was at PLN 9.7 billion, i.e. 2.35 of GDP.”

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The positive result of the sector was achieved thanks to a PLN 10.8 billion surplus of the local government sector, which traditionally reports a surplus for Q1, the ministry said.