Poland's budget surplus at EUR 1.46 bln at end-January - FinMin

Budget revenues remain stable despite pandemic and we have a surplus, Finance Minister Tadeusz Kościński has told PAP. Rafał Guz/PAP

Budget revenues remain stable despite pandemic and we have a surplus, Finance Minister Tadeusz Kościński has told PAP.

According to the finance ministry data, January budget revenues reached PLN 40.7 billion (EUR 9.0 bln), up 1 percent year on year including PLN 39.2 bln (EUR 8.69 bln) in tax receipts, up by 5 percent in annual terms.

The budget surplus is PLN 6.6 billion (EUR 1.46 bln).

Value added tax (VAT) revenues reached ca. PLN 23.3 billion (EUR 5.16 bln) in January, up by 6.5 percent year on year.

Personal income tax (PIT) revenues increased by 11.5 percent to some PLN 7 billion (EUR 1.55 bln) whereas corporate income tax (CIT) revenues increased by 10.4 percent year on year to PLN 3.5 billion (EUR 0.78 bln).

Poland plans an PLN 82.3-billion (EUR 18.25-bln) budget deficit in 2021, according to the budget bill.