Poland's budget surplus seen at EUR 2 bln at end-April - FinMin

Poland’s budget surplus is estimated at PLN 9.2 billion (EUR 2 billion) for the end of April, Finance Minister Tadeusz Koscinski has told PAP.

"In April this year, state budget receipts were higher than those achieved in April 2020 by approximately PLN 12.6 billion (EUR 2.79 billion),” the minister said. "The highest annual increase was recorded in the case of VAT and personal income tax."

"After April, the budget is recording a surplus at the level of PLN 9.2 billion," he said.

According to Finance Ministry data, in the first four months of the year budget revenues increased by PLN 17.4 billion (EUR 3.8 billion), or 36.4 percent year on year, and reached PLN 147.1 billion (EUR 32.5 billion).

Value added tax (VAT) revenues reached about PLN 20.9 billion (EUR 4.6 billion) at the end of April, up by 83.3 percent year on year.

Personal income tax (PIT) revenues increased by 88.3 percent whereas corporate income tax (CIT) revenues increased by 34.1 percent year on year.

Excise tax receipts came in at 11.2 percent above the same month last year.

Budget expenses reached PLN 137.9 billion (EUR 30.5 billion), down by 7.1 percent year on year, and came to 28.3 percent of the 2021 plan.

Poland plans an PLN 82.3 billion (EUR 18.18 billion) budget deficit in 2021, according to the budget bill.