The Polish government will make sure that public finances are stable in 2023 and 2024 as the global crisis is spreading, Mateusz Morawiecki, the Polish prime minister, has pledged.
Poland's new EU minister has said his main goal is to get the bloc to “fulfil” its obligations and release funding the government claims it is owed.
Sixty-three percent of Poles fear financial problems in connection with the Russia-Ukraine war, up 2 percentage points (pps) from April, a survey by Deloitte revealed on Wednesday.
Poland's economic growth will weaken to 3.2 percent in 2023 from the 3.8 percent expected this year, while inflation will ease from this year's 9.1 percent to 7.8 percent in 2023, the government has assumed in budget guidelines.
The National Bank of Poland (NBP) has over EUR 140 billion in foreign currency reserves, nearly twice as much as 10 years ago, the bank's president has written in a weekly magazine.
The Ministry of Finance has proposed to lower the Personal Income Tax (PIT) rate from 17 to 12 percent for non-flat rate tax payers, from 1 July, 2022.
The annual average inflation rate will reach 5.8-5.9 percent next year, the finance minister has said.
Inflation in Poland will reach its peak in January or February and then slowly fall, the Polish finance minister said on Friday.
The Polish minister of finance has praised the condition of the Polish economy and public finances at an event aimed to discuss solutions for the industry currently facing a difficult situation.
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.