Poland's 2024 Budget Navigates Controversy: PLN 184 Billion Deficit Approved

The Sejm has greenlit Poland's 2024 budget with 240 votes in favor, 191 against, and 3 abstentions, forwarding it to the Senate. The approved budget outlines a deficit of PLN 184 billion, including PLN 32.5 billion from European funds. Projecting a revenue target of almost PLN 682.4 billion, the budget sets an expenditure limit of nearly PLN 866.4 billion. Notable allocations include PLN 118 billion for defense, PLN 192 billion for health, and PLN 117.9 billion in local government subsidies. The budget also addresses social-economic initiatives, anticipating a 3% GDP growth and 6.6% annual inflation. The fate of the budget rests with Senate review and potential amendments.

Source: bankier.pl