Budget deficit drops as tax revenues higher than expected

Revenues from corporations will be higher by around zł.1.4 billion, while the excise, VAT and tax on gambling will be higher by some zł.8.4 billion. According to experts from the Ministry the higher revenues from VAT and excise were triggered by booming national demand. Meanwhile, the strength of the labor market and a growth in economic activity resulted in increased revenues from PIT and CIT. Ministry representatives said that the expenditures this year will be executed on the planned level of zł.258.7 billion, which means that the budget deficit will fall to zł.23 billion as compared to the planned zł.30 billion. (Rzeczpospolita, p. A1) A.K.