Revised state budget with PLN 24 bln higher deficit

The government has amended the budget for the year 2023 in Poland. Prime Minister Mateusz Morawiecki announced that the Council of Ministers has adopted a draft law amending the budget act and the so-called budget-related act. The deficit is expected to be higher than planned by PLN 24 billion, and inflation will increase by 2.2 percentage points to 12 percent.

The amendments include changes in the inflation rate, an increase in the deficit, special bonuses for teachers, additional funding for local governments, the establishment of a motivational fund, and the unfreezing of social benefits for budget employees, teachers, retirees, and uniformed services. The amendments will now proceed to the Sejm for further deliberation.

Source: tvn24.pl