FinMin: Budget surplus at PLN 1.72 bln in January
15:54
The Ministry of Finance has informed that Poland recorded a budget surplus of PLN 1.76 billion in January 2016.
By the end of the month, budget revenues amounted to PLN 30.72 billion, or 9.8 percent of the annual plan. Budget expenditures stood at PLN 28.96 billion - 7.9 percent of the plan.
The ministry expected that budget surplus would amount to PLN 1.68 billion after January. The better result is due to higher revenues from VAT tax, however the Ministry of Finance is not sure whether it is a one-off situation or is it of a systemic nature.
The 2015 budget deficit plan was set at PLN 54 billion.
