President signs amendment to 2015 budget

President Andrzej Duda has signed an amendment to the budget law stipulating the suspension of a spending rule, in line with which 1.95 percent of GDP has been earmarked for armaments.

Locked content Almost PLN 10 mln to be spent on leaving deputies

Chancellery of the Sejm estimates that over 300 deputies will leave parliament after the elections. Therefore, huge expenses on redundancy payments and office liquidation need to be taken into consideration. A deputy after his term gets approximately PLN 30,000. In total the departure of 300 deputie...

Locked content Gov’t approves draft budget for 2016

The government has accepted a draft budget for 2016, which sets the budget deficit at PLN 54.6 billion, said Mateusz Szczurek, the Finance Minister at a press conference. Next year’s budget act stipulates that revenues will stand at PLN 296.8 billion, while expenses will total PLN 351.49 billi...

Locked content State costs each Pole nearly PLN 20,000 yearly

Polish state costs a statistical Pole nearly PLN 19,500 every year, a non-governmental organization Forum Obywatelskiego Rozwoju (Civic Development Forum) estimated. In 2014, the largest amount of money was committed to pensions, education and health care, while the lowest sum was spend for railway ...

VAT revenue soars in March

VAT (value added tax) revenue could grow by 19 percent in March, according to preliminary data revealed by anonymous sources from the finance ministry cited Puls Biznesu.

Locked content Szczurek: GDP growth will disappoint

Compared to June estimates, next year’s economic growth will be disappointing, Finance Minister Mateusz Szczurek told Polish Radio on Monday. “This is important both for the budget and for households, companies,” he said. The minister referred to the budget draft for 2015, approved by the government...

Gov’t expects GDP growth to accelerate

The Polish government expects the country’s GDP to grow by 3.4 percent in 2015, then accelerate to 3.7 percent in 2016, 3.9 percent in 2017 and 4 percent in 2018, according to the draft 2015 budget framework published on Thursday.