Wednesday, September 24, 2014

The government adopted a draft budget for 2015. (Description2) – Virtual Poland

The government adopted a draft budget for 2015. (Description2) – Virtual Poland

The government adopted a draft budget for 2015. – Announced on Wednesday PAP Government Information Centre. It is expected that both state spending and budget revenues will be higher compared to 2014.

Pre government adopted a draft budget prepared by the Ministry of Finance in early September. Version, which agreed to the government on Wednesday does not foresee major changes when it comes to macroeconomic parameters of the budget and the basic size.

MF set up in the project that the deficit next year is not to exceed 46 billion 80 million zł. State budget revenues planned in the amount of 297 billion 252 million 925 thousand. zł, (against 277 billion zł 782.2 million planned for the current year), and spending 343 billion 332 million 925 thousand. zł. (Compared to 325 billion zł 287.4 million provided this year).

Government Information Centre said on Wednesday in a statement after the meeting of the Council of Ministers, that the growth of state budget revenues in 2015. Macroeconomic factors will influence and effects resulting from planned for next year system changes. It was assumed that the GDP will grow in real terms by 3.4 per cent., The average annual inflation will be 1.2 percent., Wages in the national economy will grow by 4.3 percent in nominal terms., Employment will increase 0.8 percent., And private consumption in nominal terms 4.2 percent.

“significant systemic change, the effects of which will affect the level of next year’s state budget revenues from the income tax of individuals, is an increase of 20 percent. Relief on the education of the third and subsequent child and grant access to the full amount of relief to those persons that previously showed too little tax to fully settle tax relief “- written in the message CIR.

Such persons will receive reimbursement from the state budget to the amount deducted social security contributions and health.

Among the most important tax changes that will have an impact on the state budget in 2015. Indicated, amongst others, new rules for deduction of VAT on cars and other motor vehicles with a total weight up to 3.5 tonnes, and other expenses associated with these vehicles. They were introduced in 2014., But some of them will be effective from 1 July 2015.

There will also be extending the deadline for the settlement of VAT on imports of authorized economic operators (AEO – Authorised Economic Operator) and a reduction in tax rates duty on motor fuels, depending on the type of fuel by 25 zł / 1000 liters or 25 zł / 1000 kg (at the same time increase in the Act on Toll Motorways and National Road Fund fuel duty rates for different fuels for the same value).

In the project it was assumed that the total share of local government units in PIT increase in 2015. Of 49.38 percent. to 49.52 per cent. In the case of CIT participation of local government units remain at the level of 2014., Ie. 22.86 per cent.

Tax revenues to the budget in 2015. Amount to 269 billion 820 million 1 thousand. zł, it is about 4.6 percent. more than in the previous year. The relationship of these revenues to GDP in 2015. Amount to 15.2 percent. VAT revenue will amount to 134 billion 630 million zł, and their ratio to GDP in 2015. Amount to 7.6 percent.

Excise budget is to gain 63 billion 570 million zł, their ratio to GDP will be 3.6 percent. “In addition, it is planned that the state budget will m.in .: of gaming tax – 1 billion 250 million zł, income tax from legal persons – 24 billion 530 million zł, dividends and profit-sharing plans – 6 billion 245 million 150 thousand. zł, with free 2 billion 394 million zł “- reported CIR.

“Next year’s budget was constructed using sustainable, stabilizing expenditure rule. Rule, which is applied for the first time in a binding manner, is close to the recommended by the European Commission generally consistent ESA 95, which determines the level of expenditures for almost all government and self-government “- reported the press service of the government.

As in previous years, the fund will remain frozen salaries in the public sector. An exception to this rule is intended to include the local government sector and the salary of public employees universities. They grow at a nominal rate of 9.14 percent. year to the end of 2015 its growth has reached a total of 30 per cent.

The share of expenditure on financing and co-financing of programs and projects from EU funds will be 19.4 per cent., Which represents an increase compared to 2014. 0.2 percentage points.

Expenditure on national defense in 2015. Planned in the amount of 38 billion 387 million 838 thousand. zł. “Of this amount, funds amounting to 33 billion 24 million 498 thousand. Zł represent 1.95 per cent. Expected performance of GDP In the year 2014 the amount of 8 billion 461 million 742 thousand. Zł earmarked for capital expenditure, 5 billion 363 million 340 thousand. zł will be used to finance the purchase of deferred payments resulting from the implementation of the multiannual program + Equipment Polish Armed Forces airplanes Utility + “- explained. . European funds budget is expected to reach 77 billion 842 million 493 thousand. zł, and spending 81 billion 277 million 996 thousand. zł (a deficit of 3 billion 435.5 mln zł). Privatization revenues estimated at 1 billion 200 million zł.

According to the constitution, the government must ultimately submit the draft to the Parliament by the end of September. Parliament can work on the budget four months, the fact that the Senate has to present its amendments 20 days of the submission of the bill by the Parliament. If within four months from the date of submission of the draft budget to the Sejm, the bill is presented to the President for signature, he may within 14 days of order shortening of the term of office of the Sejm.

The president has seven days to sign the budget bill; it can also – before signing it – ask the Constitutional Court on the compatibility with the Constitution of the budget. Court must rule on the matter within two months.

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