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General government deficit and debt in 2017

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22.10.2018

According to the EDP notification, in 2017 the general government deficit was equal 27 970 mln zl (1,4% of GDP), while the general government debt amounted to 1 005 688 mln zl (50,6% of GDP).

On 28 September 2018, 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 for years 2014-2017 (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.

Table 1 General government deficit and debt in years 2014-2017 (mln zl)

Specification	2014	2015	2016	2017
Gross domestic product (GDP)	1 720 430*	1 800 228*	1 861 112*	1 988 730*
General government deficit/surplus	-63 370*	-48 620*	-41 607*	-27 970*
% GDP	-3,7%*	-2,7%*	-2,2%*	-1,4%*
Central government deficit/surplus	-39 790	-39 831	-44 907*	-70 129*
% GDP	-2,3%	-2,2%	-2,4%*	-3,5%*
Local government deficit/surplus	-4 814*	-908*	5 069*	1 189*
% GDP	-0,3%*	0,1%*	0,3%*	0,1%*
Social security funds deficit/surplus	-18 766	-7 881	-1 769	40 970*
% GDP	-1,1%	-0,4%	-0,1%	2,1%*
General government debt	867 345*	923 206*	1 009 216*	1 005 688*
% GDP	50,4%*	51,3%*	54,2%	50,6%