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 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 International Monetary Fund (IMF) has raised Poland's economic growth forecast to 4.6 percent from 3.5 percent in 2021 and to 5.2 percent from 4.5 percent in 2022.
A tax bill, which forms part of the New Deal plan, is ready and will include a tax allowance of up to PLN 30,000 (EUR 6,532), said the minister of finance on Monday.
Poland's finance minister has said he is convinced the country's additional debt burden caused by the coronavirus pandemic can be reduced, but it cannot be done soon as that might stifle a resurgent economy.
The finance minister has said that Poland's economy will could expand by as much 5 percent this year, and added that the state budget has secured funds to protect the economy against another coronavirus wave.
Poland closed May with a budget surplus of PLN 9.4 billion (EUR 2.1 billion), the Polish finance minister informed PAP on Wednesday.
Finance Minister Tadeusz Koscinski announced a new package of measures on Monday aimed at encouraging foreign investment in Poland.
Poland's GDP growth is expected to fall to 3.5 percent in 2024, Finance Minister Tadeusz Koscinski has said.