Locked content Tightening the VAT gap will bring PLN 20 bln this year – Morawie...

Thanks to measures undertaken to tighten the VAT gap, this year, the government’s revenue from VAT should increase by PLN 20 billion, according to Deputy PM Mateusz Morawiecki. He added that the tax services “restored the gravity of the state.” According to Morawiecki the extra revenue will cover th...

Morawiecki: This year’s deficit to be around 2.5% of GDP

Poland’s general government deficit be around 2.5 percent of gross domestic product this year, Deputy Prime Minister Mateusz Morawiecki said. “This budget for sure will be a very safe one. I think that the general government deficit will oscillate at around 2.5 percent, maybe a little bit more,” Mor...

Morawiecki: deficit to reach PLN 50 bln

After achieving, for the first time in history, a budget surplus (PLN 6 billion) in H1, deputy PM Mateusz Morawiecki said that for the whole year, the budget deficit would reach PLN 50 billion, “or slightly below that figure.”

Morav\wiecki: 80-83% of older workers will retire earlier

According to Deputy PM Mateusz Morawiecki, 80-83 percent of eligible workers will take an advantage of the lower retirement age coming into force on October 1. He added that according to the assumptions, this year the cost of early retirement age will amount to PLN 2.6 billion.

Locked content GDP could grow by 4% in 2017 – FinMin

GDP growth could reach as much as 4.0 percent this year, according to Development and Finance Minister Mateusz Morawiecki. He said that the figure is becoming increasingly probable given the increasing investment. “Our official forecast in 3.6 percent, perhaps 3.8 percent. We are conservative. But t...

Locked content Morawiecki hopes for soft Brexit after UK elections

Deputy PM Mateusz Morawiecki said that the outcome of the British general election will hopefully lead to a soft Brexit. “If, as a result of these elections, a government emerges that in a more common-minded and compromise manner approach brexit negotiations, i’ll be happy. Who knows, perhaps ...

Locked content Poland eyes over PLN 1 bln from metals tax in 2017

Poland expects to exceed PLN 1 billion targeted for metals tax receipts this year, finance ministry announced. The assumption is based on the revenue collected so far. Till end-April, the treasury received PLN 615.9 million from the tax, exclusively from copper and silver giant KGHM. Additionally, D...

Locked content No referendum on euro zone accession – Morawiecki

Poland does not plan on having a referendum on joining the euro zone, Deputy PM Mateusz Morawiecki said. “We’re carefully observing what’s going on in the euro zone. We already meet all necessary criteria to join the euro zone, except for the ERM2 mechanism, which by the way needs reform...

Morawiecki: OFE reform to be passed by the end of the year

Poland’s cabinet plans to adopt by end-2017 a new reform that would effectively dissolve the open pension funds (OFEs). “We expect no major changes from the point of view of the capital market,” Deputy PM Mateusz Morawiecki said. The reform should largely meet the outline presented back in July 2016...

Poland’s deficit depends on early retirement – Morawiecki

Deputy PM Mateusz Morawiecki said Polish deficit will be lower than planned PLN 59.4 billion, however its size will depend on how many people will take advantage of a lower retirement age. In the first four months, the deficit reached 1.5 percent of the yearly plan, compared to 20.5 percent last yea...