Poland's general gov't deficit below 3 pct in 2022 - IMF

The Polish general government deficit, after increasing to 4.7 percent this year, will fall below the 3 percent threshold recommended by the EU by reaching 2.6 percent in 2022, the International Monetary Fund (IMF) has reported.

In its "Fiscal Monitor" report published on Wednesday, the IMF said Poland's gross debt will reach 57.4 percent in 2021 and 56.1 percent in 2022.

Poland has launched multi-billion public aid programmes to support the economy strained by the coronavirus pandemic.

"The data for Poland, when it comes to fiscal policy, as presented in the IMF's 'Fiscal Monitor' report, show the deficit falling below the threshold of 3 percent of GDP from next year and the debt-to-GDP ratio stabilising at 55 percent in coming years," Tadeusz Kościński, the finance minister said commenting on the IMF report.

Kościński added his ministry will present its projections in late April.