Sejm adopts 2015 budget

Poland’s lower house of parliament has approved the budget law for 2015. The planned deficit is PLN 46.08 billion. During the votr, 236 MPs were for the government-proposed bill, 205 were against and three abstained. The Sejm introduced several amendments to the original proposal, including the allocation of PLN 30 million for the Polish Space Agency and PLN 16 million for the John Paul II Museum. Total budget expenditures are planned at PLN 343,332.925 million, while budget revenues should come in at PLN 297,252.925 million. The budget was prepared based on forecasts of GDP growth at 3.4 percent and average annual CPI inflation at 1.2 percent.