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Polish government adopts budget guideline for next year


10:26, June 12, 2013

WARSAW, June 11 (Xinhua) -- The Polish government on Tuesday adopted the 2014 draft budget guideline with a GDP growth forecast of 2.5 percent and the average annual inflation of 2.4 percent.

According to local media reports, this guideline shows that the budget deficit is not to exceed PLN 55 billion (about 17.7billion U.S. dollars) and the unemployment rate at the end of 2014 is expected to reach 13.8 percent.

The 2014 draft budget envisages 4.3 percent growth in exports, a 4.9 percent growth in imports, 2.7 percent growth in home demand, 1.6 percent growth in consumption and 4.4 percent growth in investments.

The draft budget also foresees the average gross pay in the national economy at PLN 3.746 (about 1,200 U.S. dollars) and the growth of the average nominal pay at 3.5 percent. The average employment is expected to fall by 0.1 percent. (1PLN = 0.31 U.S.dollars)

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