Budget gap up to PLN 19bn during coronavirus

In April alone, the minus in state finances was the same as for the first three months of the year. From January to April, a deficit of PLN 19 billion was recorded, the Ministry of Finance said, presenting estimates.

In April, the state budget revenues amounted to PLN 33 billion and expenses to PLN 43 billion. There was a surplus a year ago, now it's a big minus.

Revenues from CIT mainly decreased. Calculations from the Business Insider portal show that they were lower by as much as 4.5 billion PLN y/y. PIT payments were also much worse. Local governments, which derive a significant part of their income from both taxes, are experiencing hard times

Revenues from VAT also turned out to be much lower - PLN 3.3 billion lower y/y.

(Business Insider)