In the state budget at the end of December last year PLN 85bn deficit was recorded, ie 77.7 percent of the annual plan, the Ministry of Finance reported, presenting estimated data. A month earlier, the deficit amounted to PLN 13.2 billion.
The ministry said in today’s statement that revenues in January-December amounted to PLN 419.8bn, ie 105.3% of the plan, and expenses – PLN 504.9bn, ie 99.4% of the plan.
“In the period January – December 2020, the state budget revenues were higher by PLN 19.3 billion compared to 2019. The tax revenues of the state budget were higher than in 2019 by approx. PLN 3 billion.
Compared to 2019:
* VAT revenues were higher by 2% y / y (i.e. approx. PLN 3.7 billion),
* PIT income was lower by 2.5% y / y (i.e. approx. PLN 1.6 billion),
* CIT revenues were higher by 3.4% y / y (i.e. approx. PLN 1.3 billion,
* excise tax and gaming tax revenues were lower by 0.8% y / y (i.e. approx. PLN 0.6 billion),
* income from tax on certain financial institutions increased by 2.6% y / y (i.e. approx.
PLN 0.1 billion) “- we read in the press release.
In 2020, the implementation of non-tax revenues amounted to approximately PLN 47.4 billion and was higher by approximately PLN 16 billion (i.e. 50.9%) compared to the performance in 2019. In June, a payment from the National Bank’s profit took place Poland for 2019 in the amount of PLN 7.4 billion, which did not occur in 2019. In addition, the higher performance of non-tax revenues in 2020 results from payments from the auction of greenhouse gas emission allowances and additional revenues from servicing the state treasury debt.
“The implementation of state budget expenditure in 2020 amounted to PLN 504.9 billion, i.e. 99.4% of the plan (including 11.6 billion of the so-called non-expiring expenses). Compared to 2019 (PLN 414.3 billion), the expenditure state budget were higher by PLN 90.6 billion, ie 21.9% “- according to the report.
“Higher spending is mainly due to the amendment to the 2020 Budget Act, which relocated budget funds to prepare appropriate tools to combat the effects of the COVID-19 pandemic and provided funds to further stimulate the development of the Polish economy so as to ensure the fastest possible return to the path At the same time, higher performance was recorded in the budgets of voivodes in connection with the extension of the Family 500+ program from July 2019, due to the general subsidy for local government units and in connection with the financing of tasks related to combating infection, preventing spreading, preventing and fighting the effects of an infectious disease caused by the SARS-CoV-2 virus “- the ministry said
Source: ISBnews and Polish Ministry
