FinMin: Budget surplus at PLN 3.1 bln at end-March

The Ministry of Finance has informed that Poland recorded a budget surplus of PLN 3.1 billion at end-March. During that period, PIT revenues increased by 16.3 percent, while CIT revenues were down by 4.1 percent y/y, while VAT revenues were in line with last year’s results.

FinMin: Budget surplus at PLN 8.6 bln at end-January

The Ministry of Finance has informed that Poland recorded a budget surplus of PLN 8.6 billion at end-January. During that period, PI revenues increased by 13.7 percent, while CIT revenues were up by 11.4 percent y/y. On the other hand, VAT revenues decreased by PLN 3.6 billion.

Locked content FinMin: Budget surplus at PLN 2.4 bln at end-July

The Ministry of Finance has informed that Poland recorded a budget surplus of PLN 2.4 billion at end-July. During that period, VAT revenues increased by 24.4 percent. By end-July, budget revenues amounted to PLN 206.1 billion, or 63.3 percent of the annual plan. Budget expenditures stood at PLN 203....

Sejm approves budgetary spending for 2016

Polish Sejm approved the report on the implementation of the 2016 budget with 236 votes for and 204 against. According to the government’s report, last year’s GDP growth stood at 2.7 percent, while public finance sector deficit amounted to 2.4 percent of the GDP. The investments contracted by 7.9 pe...

Government adopts assumptions for next year’s budget

Polish government adopted economic assumptions for the 2018 budget. According to it, the economy will grow by 3.8 percent next year, while the inflation will stand at 2.3 percent, with 6.4 percent unemployment rate. “The basic factor of growth will be private domestic demand, supported by an expecte...

Locked content €2.08 billion of EU funds for Poland in Dec. 2016

Transfers of funds from the European Union to Poland totaled €2.085 billion in December 2016, the Ministry reported Finance in a statement issued on Tuesday. As part of the Cohesion Policy Poland received €1.36 billion. Under the Common Agricultural Policy, Poland received €0.7 billion. In December,...

Locked content Budget protests a result of ‘infighting’ – Karczewski

The Speaker of the Polish Senate, Stanisław Karczewski, told the television station TRWAM on Thursday that opposition protests over the passing of the state budget lacked legitimacy and were the result of “fighting between who should be the leader.” Karczewski, who sides with the ruling regime, Law ...

Locked content President signs law amending 2016 budget

On Tuesday, President Andrzej Duda signed the law of October 20, 2016 amending the budget act for 2016, the Chancellery of the President announced. The law authorizes the Minister of Agriculture and Rural Development to pay out advances this year of 70 percent on direct payments to agricultural prod...

Locked content Kowalczyk optimistic about the Polish budget for 2017

Henryk Kowalczyk, chairman of the Government Standing Committee, estimated the Polish budget for 2017 optimistically enough, saying there should be no problem with it. “I look forward with optimism to the 2017 budget. We have a much higher tax revenue – a 60 percent increase has been ach...

Locked content Gov’t approved budget assumptions

The government has approved budget assumptions for 2017, according to which GDP growth will stand at 3.9 percent, inflation – 1.3 percent and the unemployment rate will reach 8.1 percent at the end of the year. The budget deficit is expected to total 2.9 percent of GDP. According to assumption...