Government adopts draft budget for 2021 with deficit of PLN 82.3 bln
22:59
On Monday, the government adopted the draft budget for 2021, with planned revenues of PLN 404.4 billion and PLN 486.7 billion of expenditures, which means that the deficit may reach PLN 82.3 billion, a source close to the government informed PAP .
As previously announced by Minister of Finance Tadeusz Kościński, the draft budget for 2021 is the next stage of the plan to return to the path of growth after the global lockdown caused by the Covid-19 pandemic. He also assured that the budget for 2021 will include funds both for pro-investment activities, so necessary to further stimulate the economy, and for the continuation of social programs, which also mitigate the negative effects of the pandemic.
When adopting the budget, the government assumed a GDP growth in real terms of 4 percent in 2021, average annual inflation of 1.8 percent, an increase in the average annual wage bill by 2.8 percent and an increase in private consumption in nominal terms by 6.3 percent.
The preliminary draft budget act for 2021 was adopted by the government at the end of August this year, after which the document was sent for consultation in the Social Dialogue Council. The social side did not manage to work out a common position.
After final approval by the government, the bill will be submitted to the lower chamber of Polish Parliament. This is to be done by the end of September.
