Sejm adopts budget for 2018

The Sejm adopted the budget for 2018. “In 2018 we will make a breakthrough on the tax side and thanks to that, the planned deficit is the lowest in 28 years. At the same time, we secured funds for the entire social policy, internal and external security,” said PM Mateusz Morawiecki.

The budget assumes that the estimated revenue will amount to PLN 355.7 billion, and the expenditures will not exceed PLN 397.2 billion. This means that the budget deficit will reach PLN 41.5 billion. The GDP growth is expected to be at 3.8 percent, and the public finance sector deficit (according to the EU methodology) is planned at 2.7 percent of GDP.

The bill will now go to the Senate.

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