Poland Sets 2027 Deficit at 7.1% on Military Costs

Poland expects its 2027 budget deficit to remain at 7.1 percent of GDP, driven by record military deliveries. Defense spending will exceed 4.5 percent of GDP as economic growth slows to 3 percent.

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Various Swiss Franc and Polish Zloty notes lay on a table in this picture illustration in Warsaw, Poland January 18, 2016. REUTERS/Kacper Pempel

Poland projects a 2027 general government budget deficit of 7.1% of GDP, matching this year's planned shortfall, driven by record military deliveries. Finance Minister Andrzej Domanski announced the draft budget during a Friday morning presentation. Economic growth is forecast at 3.0% next year, accompanied by 2.8% inflation.

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