We are learning disturbing facts about Poland’s public finances, Krzysztof Bosak said in the Sejm.
Last week, the Ministry of Finance announced, with estimated data, that this will take place in the state budget after September this year. a deficit of PLN 34.69 billion, or 37.7 percent, was recorded. plans for the whole year. A month earlier, the deficit amounted to PLN 16.61 billion.
Revenues from state budgets after September amounted to PLN 417.99 billion, or 69.5 percent. the plan adopted in the Budget Law for the entire year 2023. Expenditure amounted to PLN 452.68 billion, or 65.3%. plans for this year
The opposition began to point out the government’s mistakes in managing state finances and pointed out that the budget may not have enough resources to fulfill the promises made during the election campaign. PiS politicians respond that state finances are under control and that the budget is not threatened by any crisis.
Strong words from Bosak
During a press conference in the Sejm, the Confederation’s Krzysztof Bosak spoke of the “double accounting” of the United Right governments. The budget situation is not good and the public is learning “disturbing facts about Poland’s public finances”.
– To understand these facts, you must be aware of the way the current government conducts politics. This is, to put it simply, double-entry bookkeeping (…) For the needs of Polish public opinion, the PiS government calculated a deficit of over PLN 90 billion. Meanwhile, data sent to the European Union shows that the deficit was more than twice as large, at PLN 192 billion, Bosak said.
– We have had periods when Poland has had bigger debts, we have had smaller debts, we have had governments that came at a time of better economic development and better economic conditions, and we have had worse debts, but that is in the Third Poland Republic never was like that. we had a government that would take public finances beyond the control of parliament – the politician continued.
The MP accused the Prime Minister of creating a significant part of this huge debt “in extra-budgetary funds”. All this to finance the implementation of the tasks he had announced to the Poles.
– We will stay with this system, this new, strange system that probably no one in Poland understands well – Bosak said.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
