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.
Total taxes in Poland will be clearly lower after the government's New Deal reform package, but high-earners will start paying more, said the head of the lower house's Public Finance Committee.
Poland’s budget surplus is estimated at PLN 9.2 billion (EUR 2 billion) for the end of April, Finance Minister Tadeusz Koscinski has told PAP.
The percentage of Poles who are afraid of becoming poor has gone up from 20 percent in March 2020 to 24 percent, according to a poll carried out by the CBOS opinion researcher.
Poland’s financial supervisor has said eight commercial and 17 cooperative banks with a combined market share of 8.5 percent reported a total loss of PLN 1.5 billion (EUR 330 million) in 2020.
Polish firms afflicted by Covid-related restrictions should get money under the government's liquidity aid on January 18, the deputy prime minister and development and labour minister said on Friday.
Financial losses caused by the government-ordered shut-down of shopping malls have already reached an estimated PLN 30 billion (EUR 6.61 billion), according to the Polish Council of Shopping Centres.
The 2020 budget deficit will likely be close to PLN 90 billion (EUR 19.86 billion), Deputy Finance Minister Sebastian Skuza said in the upper house of the Polish parliament on Monday.
Forty percent of hospitality and hotel companies say are in a difficult or very difficult financial situation due to the Covid-19 pandemic.
Despite huge government support for the Polish economy during the coronavirus crisis, Polish public finance is in a good condition and the recession in the country has been one of the mildest in Europe, the finance minister said on Tuesday.