21:48 19 December 2024
Senate makes changes to budget, assumes deficit of PLN 288.77 bln
The Polish Senate approved adjustments to the 2025 budget, forecasting revenues of PLN 632.85 billion, expenditures of PLN 921.62 billion, and a deficit of PLN 288.77 billion. Key allocations include PLN 124.3 billion for defense, PLN 24.2 billion for pension adjustments, and PLN 62.8 billion for the "Rodzina 800+" program.
Defense spending will rise to 4.7% of GDP. Teachers and public sector employees will receive a 5% wage increase, while GDP is expected to grow by 3.9%, with 5% inflation and 4.9% unemployment. Investments are set to rise by 6.4%. Despite a projected government deficit of 5.5% of GDP, debt ratios will remain below EU thresholds, maintaining financial stability.
