General government deficit and debt in 2016
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On 31 March 2017, in accordance with the Council Regulation (EC) No. 479/2009 of 25 May 2009 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing European Community with amendments, the President of the CSO provided the general government deficit and debt data (EDP notification) to the European Commission (Eurostat).
The data have been developed in accordance with the methodology of the European System of National and Regional Accounts in the European Union introduced by the Regulation (EU) No. 549/2013 of the European Parliament and of the Council of 21 May 2013 (ESA2010) and the guidelines contained in the Manual on Government Deficit and Debt, Implementation of ESA2010 (MGDD, 2016 edition)1 .
According to the EDP notification, in 2016 the general government deficit was equal 44 735 mln zl (2,4% of GDP), while the general government debt amounted to 1 006 282 mln zl (54,4% of GDP).
Table 1. General government deficit and debt in years 2013-2016 (mln zl)
|
Specification |
2013 |
2014 |
2015 |
2016 |
|
Gross domestic product (GDP) |
1 656 842 |
1 719 704 |
1 799 321* |
1 851 171 |
|
General government deficit/surplus |
-68 144* |
-59 991* |
-46 199* |
-44 735 |
|
% of GDP |
-4,1% |
-3,5%* |
-2,6% |
-2,4% |
|
Central government deficit/surplus |
-60 494* |
-39 790* |
-39 831* |
-48 157 |
|
% of GDP |
-3,7%* |
-2,3% |
-2,2% |
-2,6% |
|
Local government deficit/surplus |
-3 021* |
-3 264* |
223* |
4 523 |
|
% of GDP |
-0,2% |
-0,2% |
0,0% |
0,2% |
|
Social security funds deficit/surplus |
-4 629 |
-16 937 |
-6 591 |
-1 101 |
|
% of GDP |
-0,3% |
-1,0% |
-0,4% |
-0,1% |
|
General government debt |
922 755* |
863 963* |
919 576* |
1 006 282 |
|
% of GDP |
55,7% |
50,2% |
51,1% |
54,4% |
[1] The newest version of the manual is available on the website: http://ec.europa.eu/eurostat/documents/3859598/7203647/KS-GQ-16-001-EN-N.pdf/5cfae6dd-29d8-4487-80ac-37f76cd1f012.
* Data have been revised in relation to the previously published.
