MF: Bond sales in 2015 highest in 6 years

Retail savings bonds sales reached PLN 3,22 billion in 2015, topping the figures for the last 6 years,  an official from the Ministry of Finance announced. In December 2015 alone, standard savings bonds sales amounted to PLN 280 million, the highest amount for a single month since March 2010.

Locked content Tax allowance will not be changed this year

Paweł Szałamacha, the finance minister announced that the government will not take care of reforming the personal tax allowance law this year,  Puls Biznesu daily reported. “We will not increase the amount of income exempt from tax in 2016,” Szałamacha said, adding that one of Law and Ju...

MF sells bonds for over PLN 6 bln

The Ministry of Finance has sold treasury bonds valued at PLN 6.69 billion and, in exchange, purchased securities worth over PLN 6.44 billion, a statement by the ministry read.

Locked content Gov’t suspends 1.95% GDP spending rule on armaments

According to the amended 2015 budget bill, the Ministry of Finance will save PLN 209.5 million on suspending a spending rule, in line with which 1.95 percent of GDP has been earmarked for armaments. The move goes against pledges made during the electoral campaign, when PiS announced it will increase...

Locked content This year’s deficit increased by PLN 3.9 bln

This year’s budget deficit will be increased by PLN 3.9 billion to PLN 49.98 billion, compared with PLN 46.08 billion which was initially planned, said the Ministry of Finance. “According to up to date forecasts, the general government deficit may temporarily exceed three percent of GDP ...

Locked content Gov’t to increase 2015 budget deficit by PLN 3-4 bln

The government will increase the budget deficit during its Tuesday sitting by around PLN 3-4 billion, the Ministry of Finance said. The move is motivated by a PLN 12 billion gap in revenues. The Ministry said that revenue from VAT have been lower by PLN 13 billion, compared to the full year plan. Th...

Locked content MF redeems eurobonds

The Ministry of Finance has redeemed EUR20160201 eurobonds valued in total at €730 million, the ministry reported. Investors called for the redemption of this series of eurobonds valued at €740 million. The securities’ debt will amount to €2.27 billion after today’s tender, the ministry ...

Locked content FinMin: CIT tax for SMEs won’t be lowered in 2016

Paweł Szałamacha, the Minister of Finance, said that the reduction of corporate tax to 15 percent for small and medium companies won’t happen in 2016 as it was earlier announced in the electoral campaign. “It will not be possible to do it,” Szałamacha told private radio, Wnet when ...

Locked content Budget deficit at PLN 34.49 bln

The budget deficit amounted to PLN 34.49 billion at the end of October 2015. It stood at 74.8 percent of this year’s budget deficit plan, the Ministry of Finance announced. By the end of October budget revenues amounted to PLN 238.91 billion, or 80.4 percent of the annual plan. Budget expendit...