– After the approval of the Budget Law for 2024, an amendment will be needed within six months to adapt it to economic reality – says Ryszard Petru.
Ryszard Petru was a guest on TVN24 today. The Polish MP for 2050 was asked whether any changes would be made to the draft budget itself, taking into account expenditure on freezing prices of electricity, gas and heat. The energy issue has been one of the most important topics of public debate in recent days.
– That’s the idea. This should be an automatic change to this budget because remember, deadlines are flying. We have to adopt the budget at the end of January, which means we have to be pragmatic, that is, we submit the old budget with an automatic amendment, minimum automatic amendment, and we have to adopt it within a few weeks. so that there is no risk of parliament being dissolved, he said.
The politician also emphasized that it will be necessary to amend the budget law next year.
– This budget will be largely ‘PiS’ with elements of minimal self-changes, and in my opinion six months later it will be necessary to adapt the budget, to adapt it to economic reality, and not just ‘run on it’ ‘ PiS budget – he said.
The shortage is growing
Meanwhile, the Polish state budget showed a deficit of PLN 36.42 billion, or 39.6 percent, after October this year. plan for the entire year, the Ministry of Finance announced, with estimated data. A month earlier, the deficit amounted to PLN 34.69 billion (37.7% of the plan).
Revenues from state budgets after October amounted to PLN 475.39 billion, or 79.1 percent. the plan adopted in the Budget Law for the entire year 2023. Expenditure amounted to PLN 511.81 billion, or 73.8 percent. plans for this year
In August this year the President signed an amendment to the Budget Law for 2023, which assumes state budget revenues at the level of PLN 601,378.4 million and expenditures of PLN 693,378.4 million. According to the amendment, the state’s budget deficit may not exceed PLN 92 billion.
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.
