At the end of March 2021, the state budget recorded a deficit of PLN 3.4 billion, at 4.2% of the annual plan, the Ministry of Finance reported, presenting estimated data. State budget revenues after March amounted to PLN 101.1 billion, ie 25% of the plan, expenses PLN 104.5 billion, at 21.5% of the plan.
“In the period of January-March 2021, the state budget revenues were higher by PLN 4.9 billion compared to the same period last year. The tax revenues of the state budget were higher than in the period January-March 2020 by approx. 5, PLN 6 billion.
Compared to the same period last year:
VAT revenues were higher by 9.2% y / y (i.e. approx. PLN 4.1 billion),
PIT income was higher by 7.1% y / y (i.e. approx. PLN 1 billion),
CIT revenues were higher by 5.7% y / y (i.e. approx.PLN 0.5 billion),
excise tax and gaming tax revenues were lower by 4.3% y / y (i.e. approx.PLN 0.7 billion),
income from tax on certain financial institutions was higher by 8.9% y / y (ie approx. PLN 0.1 billion).
In the period January-March 2021, the performance of non-tax revenues amounted to approx. PLN 8.9 billion and was lower by approx. PLN 0.8 billion (i.e. 8%) compared to the performance in the period January-March 2020. “- we read in the announcement.
The state budget expenditure in January-March 2021 amounted to PLN 104.5 billion, i.e. 21.5% of the plan. Compared to the same period of 2020 (PLN 105.6 billion), state budget expenditure was lower by PLN 1.1 billion, at 1.0%.
The lower execution of expenditure is related to the lower funds transferred to the Social Insurance Fund (approx. PLN 7.1 billion less) resulting from the current demand for supplementary financing and servicing the State Treasury debt (approx. PLN 0.4 billion less). At the same time, the performance of expenditure on the European Union’s own funds was higher by approx. PLN 2.2 billion, which was mainly due to: the increase in the Polish membership fee as a result of Brexit and the higher level of the EU budget adopted for 2021 compared to the previous year ( EUR 156.7 billion and EUR 151.6 billion, respectively), as well as the need to pay the effects of the correction of the EU budget adopted in December 2020 (approx. PLN 395.7 million) and higher customs duty collection (by approx. PLN 140 million).
In addition, higher performance was recorded under Part 46 – Health, i.e. more by about PLN 2.7 billion, which results from the transfer of an earmarked subsidy to the National Health Fund and under the general subsidy for local government units, i.e. more by PLN 1.2 billion .
