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Latest changes to budget draft envisage greater expenditures and revenues

Treasury revenues and expenditure will be zł.134 million higher than in the predictions of the government budget draft. The budget deficit will still be zł.35 billion. The government forecast revenues of zł.173.74 billion and spending at zł.208.74 billion, but the Commission had to revise these expectations because of additional income from the new 50% PIT rate for the richest. Parliamentary deputies proposed many amendments to the budget but the Commission decided it would not consider those that added to expenditure if they also did not point to any solution to cover the addtional costs. The budget has still a long way to go as its second reading is scheduled for the end of November and by the time it will be passed, many further changes will be made. (Rzeczpospolita, p. B2) D.W.

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