The document is planned budget revenues of over 297 billion zł 172 million (compared to approx. 277 billion zł 782 million provided in the last year), and spending over 343 billion zł 252 million (compared to approx. 325 billion zł 287 million earmarked for last year).
Act when preparing the government assumed that this year. GDP will grow by 3.4 per cent., Inflation at 1.2 per cent., And the public sector deficit will fall below 2.8 percent. GDP.
Mateusz Szczurek, Minister of Finance: This budget allows, hoping to look in 2015.
Source: TVN24 / x-news
– preparing the macroeconomic assumptions for the needs of the budget law, it is assumed that in 2015 the dynamics in the external environment of the Polish economy will gradually improve due to the gradual easing of the financial crisis in the European Union. According to these estimates, real growth in gross domestic product in 2015. Will amount to 3.4 per cent., The registered unemployment rate at the end of the year will constitute 11.8 per cent., While the average increase in prices of consumer goods and services will amount to 1.2 percent . – Pointed to the presidential office in a statement on Friday.
General government deficit will amount to 57.6 billion zł
It added that the government estimated that the general government deficit this year will be zł 57.6 billion, an increase of 4.9 billion zł less compared to last year, while the public debt in nominal terms will increase by 42.5 billion zł. – Under this assum ption, the ratio of public debt to GDP, after falling to 47.7 percent. in 2014., will rise to 48.0 percent. – Noted.
Presidential Office stated that the document written that the total amount of income and expenditures determined to be 421 billion 538 million 779 thousand. zł and 372 billion 23 million 276 thousand. zł., and the balance of revenues and expenditures of the state budget is set at EUR 49 billion 51 million 503 thousand. zł.
– The source of the loan to cover the needs of the state budget, the state budget deficit, there are remaining funds in the accounts of the state budget on 31 December 2014., revenues from the sale of Treasury securities, revenues from privatization, loans and advances and other sources – explains office.
– Just like last year, the budget has been singled out European funds. The total amount of the expenditure of the budget is 81 billion 277 million 996 thousand. zł., and revenues are expected in the amount of 77 billion 842 million 493 thousand. zł. In 2015. Is planned budget deficit of European funds in the amount of 3 billion 435 million 503 thousand. zł – added.
The Communication also indicated that in the Budget Act provides that guarantees and warranties may be granted by the Treasury to the amount of 200 billion zł. It was also established general reserve in the amount of 198 million zł and specific provisions in the total amount of 21 billion 663 million 936 thousand. zł – says.
The risk to the state finance plan
Falling prices and the economic situation in the European Union is a risk to the state finance plan for this year. President Bronislaw Komorowski signed the budget bill.
Chief economist brokerage XTB Przemysław April explains that falling prices, including fuels, not necessarily translate into lower tax revenues. Part of this commodity taxes is calculated in amount. The money that households save on the cost of fuel spent on consumption. This can translate into an increase in tax revenues from other sources.
According to the expert, of great importance for the Polish economy will also have the situation in Western Europe. Przemysław April stipulates that if there is no turmoil, lower commodity prices should translate into an increase in the competitiveness of the European economy. At this indirectly also benefit Poland, where a large part of what goes exports to EU countries.
IAR / PAP, bless
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