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:
“The United States is the only great nation whose government is operated without a budget. The fact is to be the more striking when it is considered that budgets and budget procedures are the outgrowth of democratic doctrines and have an important part in developing the modern constitutional rights.... The constitutional purpose of a budget is to make government responsive to public opinion and responsible for its acts.”
—William Howard Taft (18571930)
“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 (17671845)