Economy of Poland - Budget and Debt

Budget and Debt

Polish State Budget Expenditure by Division (2008):

Division Spending (in mln zl) % of total budget
Total 277,893 100
Compulsory Social Security 64,050 23
Public debt servicing 25,117 9
Social assistance 18,331 6.6
National Defence 13,812 5
Public safety and fire care 12,517 4.5
Higher Education 11,091 4
Public administration 10,161 3.7
Administration of justice 9,090 3.3
Health care 6,692 2.4
Education 2,200 0.8
Dwelling economy 1,541 0.6
Culture and national heritage 1,487 0.5
Physical education and sport 0,583 0.2
Other (no specific category) 101,221 36.4
Total income (mln zl) Total expenditure (mln zl) Total Deficit (mln zl)
253,547 277,893 24,346

Source: Concise Statistical Yearbook of Poland (2008/9)

Reserves of foreign exchange & gold: $70.08 billion (2004 est.)

State Treasury Debt – foreign: $55.4 billion (2008 est.)

Current account balance: $-6.7 billion (2009 est.)

Read more about this topic:  Economy Of Poland

Famous quotes containing the words budget and/or debt:

    We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.
    Ronald Reagan (b. 1911)

    It is a well-settled principle of the international code that where one nation owes another a liquidated debt which it refuses or neglects to pay the aggrieved party may seize on the property belonging to the other, its citizens or subjects, sufficient to pay the debt without giving just cause of war.
    Andrew Jackson (1767–1845)