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This week Polish FinMin finally released the data on 2009 budget performance (on cash basis). The deficit amounted to PLN 23.8bn, i.e. 88% of the plan (after mid-year amendment). Better budget deficit figure is to be attributed to an acceleration in tax revenues. In December 2009 VAT revenues were by 30% higher than a year ago (the growth rate is affected by low base effect, though).

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