Poland 2020 draft budget reaches lower house

A draft budget law for the coming year with a zero deficit has been sent to the Sejm. The draft was approved by the government on Monday. State budget revenues and expenditures are to be balanced at 435.3 billion zlotys (EUR 102.2bn). The budget deficit is to reach, according to the EU methodology, 1.2 percent of GDP. The bill is based on the assumptions that in 2020 Poland's economy will grow, in real terms, by 3.7 percent and average annual inflation is to reach 2.5 percent.