Locked content Public debt at PLN 836.81 bln in XI

The state public debt of Poland grew by 1.2 percent month-on-month to PLN 836.81 billion in November 2015, according to data from the Ministry of Finance. Since the beginning of the year, the figure grew by PLN 41.3 billion. The increase was caused by the need to finance the budget deficit (PLN 36.1...

Belka: NBP’s mandate unchanged

Marek Belka, president of the National Bank of Poland (NBP), told reporters from TVN Biś that there is no suggestion of any change for the mandate of the bank, based on talks with Minister of Finance Paweł Szałamacha and Vice-premier Mateusz Morawiecki.

MF: Higher tax exemption will ensure a more socially just state

“Raising the income tax threshold realizes the postulate of a socially just state” Minister of Finance Pawel Szałamacha commented Monday. He admitted this could result in a decrease of funds for municipal governments, but argued that this should be countered by the positive effects of th...

Locked content Ministry of Finance on FX mortgage loans draft bill

The Ministry of Finance has issued an opinion on a draft bill presented by the President, in which it says that the proposition is fair and banks may spread losses over time. The ministry also said the proposed mechanism allows the release of a part of LTV-related (loan-to-value) reserves. The presi...

Locked content MF sold PLN 2.4 bln worth treasury bills

The Ministry of Finance sold  32-weeks treasury bills for PLN 2 billion on Monday, with demand at PLN 10 billion, the ministry informed. In a supplementary tender, the ministry sold bills for PLN 400 milion, with demand at PLN 1.6 billion. The minimum price was calculated at PLN 9,915, while bills&#...

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...