The raise in the monthly child benefit to PLN 800 (EUR 177) from PLN 500 (EUR 111) will cost the Polish government more than PLN 24 billion (EUR 5.3 bln) in the first year, a legislation impact assessment indicates.
Poland's budget deficit stood at PLN 10 billion (EUR 2.22 bln) at the end of April, the Finance Ministry announced on Thursday.
The Polish government has approved the execution of the 2022 budget with a deficit of PLN 12.6 billion (EUR 2.8 billion).
Mateusz Morawiecki, the Polish prime minister, has rebutted claims that the ruling Law and Justice party has led Poland into a budgetary disaster.
Inflation in Poland will hopefully drop to a single-digit level at the turn of the third and fourth quarters of 2023, the head of the state-run Polish Development Fund (PFR) has said.
A reduction in VAT introduced in 2022 to counter the rapid increase in prices cost the Polish budget PLN 37 billion (EUR 7.9 billion), a deputy finance minister has said.
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Poland's budget deficit was much lower than planned in 2022, Mateusz Morawiecki, the prime minister, has said.
The state budget recorded a PLN 11-billion (EUR 2.3 billion) surplus in January 2023, Mateusz Morawiecki, the Polish prime minister, said on Tuesday.
Poland recorded a PLN 18.3-billion (EUR 3.94-billion) state budget surplus after the first 11 months of 2022, the Finance Ministry has said.
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