Poland's budget deficit is likely to come to PLN 68 billion (EUR 14.3 billion) in 2023 under a budget bill approved by the government on Wednesday.
Poles have been stripping their household budgets, mainly of non-essential expenses, due to inflation-driven price hikes, a study has revealed.
Most Poles have cut their household budgets owing to inflation-driven price hikes, a survey published by the Rzeczpospolita newspaper on Thursday has revealed.
Polish defence spending will have risen from PLN 37 billion (EUR 7.82 billion) in 2015, when the current government took office, to a planned PLN 98 billion (EUR 20.49) in 2023, the prime minister said on Tuesday.
Mateusz Morawiecki, the Polish prime minister, has announced that his government has approved a draft budget for 2023, and described it as "an ambitious budget for a difficult time."
Sixty percent of Poles have reduced their shopping budgets, a 20 percentage-point rise year on year, a survey by the UCE research pollster and Grupa Blix revealed on Friday.
Poland recorded a PLN 27.7-billion (EUR 5.78-billion) state budget surplus after the first six months of 2022, the Ministry of Finance has said.
The Sejm, the lower house of parliament, on Friday passed the government's 2021 budget report and execution of the budget in a 228 to 216 vote with one abstention.
The Polish government will present a preliminary budget for 2023 in August, a deputy finance minister has said.
The National Bank of Poland (NBP) paid out PLN 10.4 billion (EUR 2.22 billion), or 95 percent of its annual profit in 2021, into the state budget, the NBP said in a news release on Wednesday.
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