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...

Locked content MF to sell PLN 1 bln short-term bonds

The Ministry of Finance informed that it will sell short-term bonds worth PLN 1 billion maturing in 11 months. The offer is targeted at individual investors and the bonds have a margin rate of 2 percent. This is the fourth extraordinary issue of such bonds since 2013.  Its aim is to boost the number...

Locked content Budget deficit at PLN 31 bln after September

The budget deficit amounted to PLN 31.13 billion at the end of September 2015. It stood at 67.6 percent of this year’s budget deficit plan, the Ministry of Finance announced. By the end of September budget revenues amounted to PLN 210.05 billion, or 70.7 percent of the annual plan. Budget expe...

Locked content MF expands working hours of selected tax offices

The Ministry of Finance has launched a pilot program aimed at increasing the availability of tax administration through expanding the working hours of selected tax offices. “From October 15 to November 30, visitors of four tax offices in the Łódzkie and Mazowieckie voivodships will be able to ...

Locked content MF: over 1 mln receipts registered in lottery

The Ministry of Finance said that over 1 million receipts were registered in a nationwide lottery that was launched on October 1. The first draw is scheduled for November 16. Every consumer who spends at least PLN 10 and saves the receipt may take part in the lottery and win a car, a tablet or…...