Budget deficit in 2021 to exceed PLN 80 bln
15:00
It has barely turned out that instead of a historic year without a budget deficit in 2020, we will have a historically high deficit exceeding PLN 100 billion, and we already know how much we will be in debt in the next year. According to the latest data from the Ministry of Finance, the budget deficit in 2021 will amount to PLN 82.3 billion, as 300gospodarka has learned.
Budget revenues in 2021 according to the draft budget act for 2021 – which was adopted today by the Council of Ministers – ill amount to PLN 403.7 billion, and expenditure will amount to PLN 486 billion.
For comparison, according to the latest amendment to the draft act amending the budget act for 2020, this year the deficit is expected to amount to PLN 109.3 billion.
According to this amendment, the state budget revenues in 2020 will amount to PLN 398.7 billion and will be lower than planned by PLN 36.7 billion.
The expenditure will amount to 508.0 billion (72.7 billion more than assumed).
According to many commentators, this year's deficit may be lower, and the Ministry of Finance leaves a safety buffer for itself, planning a deficit of over PLN 109bn. According to government sources, this year's deficit will probably "hover slightly above PLN 100 billion".
