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Poland’s parliament approved the budget for the current year at the first reading on Thursday. The centre-left government led by Prime Minister Donald Tusk is assuming state revenues of the equivalent of €155 billion ($168 billion), with expenditure amounting to around €197 billion. The current deficit is expected to reach almost €42 billion. Poland, a member of the EU and NATO, has earmarked 118 billion zlotys (nearly $29 billion) for defence, some 3.1% of its economic output. Last year, the figure was 97 billion zlotys ($21 billion at the exchange rate at the time), or some 3% of gross domes…

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