Gov’t budget with PLN 9.6 bln surplus at end-May

The Ministry of Finance informed that Poland recorded a budget surplus of PLN 9.6 billion at end-May. The income after five months of 2018  amounted to PLN 154 billion, or 43.3 percent of the planned budget income. In January-May 2018 the state budget revenues were by PLN 10.7 billion higher compared to the same period last year. Tax revenues grew by about 7 percent y/y.  PIT  revenues increased by 16.4 percent y/y, CIT revenues grew by 16.4 percent y/y as well.  VAT revenues were up by 2.8 percent y/y.