Stronger than expected economic growth that has fuelled both revenue and spending has prompted the Polish government to amend this year’s budget.
"Additional budget revenues will reach ca. PLN 80 billion (EUR 17 billion)," Mateusz Morawiecki told reporters after Tuesday's cabinet meeting during which the government debated an amendment to the 2021 budget.
Poland should boast a budget surplus at the end of August, and expects to record only a "technical" deficit at the end of 2021, Finance Minister Tadeusz Kościński told PAP on the sidelines of the Karpacz Economic Forum.
Poland's budget revenues are expected to reach PLN 475.6 billion (EUR 103.9 billion) in 2022, according to a justification to the budget bill approved by the cabinet.
Polish GDP could increase by 3.7 percent in 2023 and by 3.5 in the following two years, according to figures laid out in the 2022 draft budget.
Poland forecasts its budget deficit at PLN 30 billion (EUR 6.5 billion) in its 2022 budget bill, the finance minister told a Tuesday press conference.
Poland's 2021 budget deficit is estimated at around PLN 13 billion (EUR 2.8 bln) provided all planned outlays are realised, a Polish deputy finance minister said on Tuesday.
The state budget showed a surplus of PLN 35.3 billion (EUR 7.7 billion) after July, with budget revenues at PLN 278.1 billion (EUR 60.7 billion), a 17.9 rise year on year, the Polish finance minister said on Friday.
The state budget enjoyed a surplus of more than PLN 30 billion (EUR 6.57 billion) at the end of July, the Polish prime minister has said.
The government's council of ministers on Friday passed a bill raising health spending from 5.3 to 7 percent of the GDP, the health ministry said on Twitter on Friday evening.
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