President Bronisław Komorowski has signed the 2012 budget into law last week, a document that assumes the deficit will not exceed PLN 35bn (EUR 8.5bn) this year. State spending is expected to remain at PLN 328.7bn while predicted income has been estimated at PLN 293.7bn. The state budget law assumes GDP growth of 2.5 percent, down from 4.3 percent in 2011. According to the document, Poland’s annual inflation should come in at 2.8 percent this year, while unemployment should end up at 12.3 percent.
