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Poland forecasts greater spending, slower growth in 2017

Poland's finance ministry pegged the 2017 deficit at 2.9 percent of GDPPoland said Monday it would raise spending next year, but still keep its deficit just under an EU-wide limit of 3.0 percent of GDP, while also cutting the growth forecast for central Europe’s largest economy. The figure totals around five billion zloty more in deficit spending over 2016, Poland’s Puls Biznesu financial daily reported. Poland’s populist Law and Justice (PiS) government won an October 2015 election on promises of generous social spending, raising concerns it could bloat the country’s moderate public debt.

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