Ministry of Finance estimates the state budget deficit for 2021 at PLN 26.3 bln

The estimated state budget deficit for 2021 is PLN 26.3 billion – the Ministry of Finance informed on Friday. The ministry estimated last year's budget revenues at approx. PLN 495 billion, and the expenditure amounted to PLN 521.3 billion.

The Ministry of Finance estimated that the budget revenues in 2021 were almost 18 percent higher than in 2020, and the expenditure is 99.6 percent of the plan and was higher by 3.3 percent than a year earlier.

Estimated VAT revenues in 2021 amounted to PLN 215.7 billion, and excise tax revenues to approx. PLN 75.8 billion. The ministry estimated the revenues from CIT at approx. PLN 52.4 billion. On the other hand, revenues to the state budget from PIT are estimated at PLN 73.6 billion.

(PAP)