Budget deficit at PLN 0.86 bln at end July – MF

Government budget deficit at the end of July stood at PLN 0.86 billion, i.e. 2.1 percent of the annual plan, the Ministry of Finance estimated. The plan for the whole year is PLN 41.49 billion. At the end of June PLN 9.54 billion surplus was recorded.

Locked content Gov’t budget with PLN 9.6 bln surplus at end-May

The Ministry of Finance informed that Poland recorded a budget surplus of PLN 9.6 billion at end-May. The income after five months of 2018  amounted to PLN 154 billion, or 43.3 percent of the planned budget income. In January-May 2018 the state budget revenues were by PLN 10.7 billion higher compare...

Locked content Ministry of Finance plans simplifying tax rules

The Ministry of Finance is working on simplifications in tax regulations.  The key objectives are less bureaucracy in taxes, lower taxes for business and investments as well as better safety for taxpayers, the Ministry said. In the area of “lower taxes for business and investments,” it p...

MF sold tresaury bonds

The Ministry of Finance reported that it has sold OK0717 treasury bonds worth PLN 125 million at a supplementary tender.

Locked content MF: Budget deficit at PLN 16.7 bln after April

The budget deficit amounted to PLN 16.7 billion at the end of April 2015. It stood at 36.2 percent of this year’s budget deficit plan, the Ministry of Finance announced. By end-April budget revenue amounted to PLN 96.07 billion, 32.3 percent of the annual plan. Budget expenditures stood at PLN...

Locked content Poland collects taxes inefficiently – IMF

International Monetary Fund said in a report for the Ministry of Finance that Poland is performing poorly in collecting taxes, especially VAT and CIT. The report suggests that the tax collection (PIT, CIT and VAT) was more efficient before the crisis and stood at 16 percent of GDP in 2008 and the fi...

Locked content MF to issue bonds worth PLN 6-11 bln

The Ministry of Finance will set two wholesale tenders in February to sell treasury bonds valued up to PLN 11 billion. On February 5, the ministry will offer WZ0124/ DS0725/ WS0428 bonds valued at PLN 3-5 billion. The second offer (dated initially on February 12) will depend on “the situation ...

Locked content MF sells bonds worth PLN 4.2 bln

The Ministry of Finance sold PLN 4.19 billion of 2024-2028 treasury bonds at an auction, the ministry informed on Thursday. The demand was valued at PLN 9.42 billion in total. The ministry sold WZO124 bonds with maturity in January 2024 worth PLN 2.06 bln. The minimum price amounted to PLN 975.40. A...