The Ministry of Finance assesses the implementation of the budget in 2023 as not at risk. “There are reasons to look to the future with optimism,” says the minister.
The Ministry of Finance announced on Thursday that Poland will achieve the highest GDP growth among major European economies in 2024. According to the European Commission’s forecast, this will amount to 2.7%.
Our country also has one of the best budget positions in Central and Eastern Europe. In the second quarter of this year, the consolidated public debt as a percentage of GDP was 48.2%.
“Prospects at a stable level”
Citing these data, Finance Minister Magdalena Rzeczkowska stated that “there are reasons to look to the future with optimism and expect an acceleration of economic growth.” “We assess the implementation of the 2023 budget as not at risk. We have signals of an increase in consumption and therefore tax revenues, and we are already pre-financing the financing needs for 2024.” – she announced.
“I recommend taking into account impartial opinions in discussions about the state and prospects of public finances. International rating agencies, which continuously monitor the government’s activities, find no cause for concern. They keep our ratings and their prospects stable,” wrote the head of the Ministry of Finance.
Increase in the deficit after September
The state budget showed a deficit of PLN 34.69 billion, or 37.7 percent, after September this year. 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.
Let us not forget that in August President Andrzej Duda signed an amendment to the 2023 budget law, which assumes state budget revenues at the level of PLN 601,378,366 thousand. PLN, and the cost amounted to PLN 693,378,366 thousand. zloty. According to the amendment, the state’s budget deficit may not exceed PLN 92 billion.
Source: Do Rzeczy
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