We present an Attribute Based Encryption system where access policies are expressed as polynomial size arithmetic circuits. We prove security against arbitrary collusions of users based on the learning with errors problem on integer lattices. The system has two additional useful properties: first, it naturally handles arithmetic circuits with arbitrary fan-in (and fan-out) gates. Second, secret keys are much shorter than in previous schemes: secret key size is proportional to the depth of the circuit where as in previous constructions the key size was proportional to the number of gates or wires in the circuit. The system is well suited for environments where access policies are naturally expressed as arithmetic circuits as is the case when policies capture statistical properties of the data or depend on arithmetic transformations of the data. The system also provides complete key delegation capabilities.