Finance
21:55 15 May 2024
Post by: WBJ

State Budget Deficit Hits PLN 39.9 Billion After April 2024

State Budget Deficit Hits PLN 39.9 Billion After April 2024
Source: Shutterstock

The Ministry of Finance disclosed that the state budget deficit reached PLN 39.9 billion post-April 2024, constituting 21.7% of the annual projected deficit. Notably, VAT revenues fell below expectations, posing risks to revenue forecasts for 2024. Although state budget revenues surged by approximately PLN 40.5 billion compared to last year, VAT revenues in April 2024 declined from April 2023 due to statistical base effects and reduced industrial production. The Ministry emphasized the significance of VAT revenues, being a primary income source, warranting vigilant monitoring. Despite increased borrowing needs, higher revenues from personal income tax and corporate income tax were recorded, partly attributed to changes in tax policies.

Source: wnp.pl


More News

lifestyle

LifeStyle
2 days ago

Marcelina Zawadzka: Online Shopping Is a Lifesaver for Young Parents

LifeStyle
1 month ago

Doda Promises Emotions and Surprises at Polsat Hit Festival in Sopot

LifeStyle
1 month ago

New Culinary Concept Opens in Warsaw’s Kamionek District

LifeStyle
2 months ago

Mercedes-Benz Unveils Sleek New CLA with Electric Power and AI Tech

Book of Lists

Book of Lists
4 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
5 years ago

25th jubilee edition of Book of Lists – project start