Informal meeting of ministers in this case was held on Tuesday.
As we read in a statement issued after a cabinet meeting, the main objective of fiscal policy pursued by the government is to maintain the sustainability of public finances while supporting economic growth.
The deficit in the amount of 59.3 billion zł
The draft state budget for 2017 years was planned: the state budget revenues: 324.1 billion zł, the state budget expenditure: 383.4 million zł, the state budget deficit in the amount of no more than: 59.3 billion zł.
Basic macroeconomic indicators
The law assumes GDP growth (in real terms by 3.6 per cent.), The average increase in prices of consumer goods and services (1.3 percent.), The nominal growth of average wages in the national economy (5.0 percent.), Growth employment in the national economy (0.7 percent.), private consumption growth (in nominal terms by 5.5 per cent.).
As we read in the message, nominally state budget deficit will amount to 59.3 billion zł. On a comparable nominal deficit of the state budget does not differ from the planned in previous years.
The nominal increase is due to the fact that next year the whole deficiency of the Social Insurance Fund will be covered from the state budget in the form of grants. In recent years, part of it was financed with a loan budget that does not increase the projected deficit of the central budget. This means that the deficit is not moved to the Social Security Fund, as was the case in previous years.
The project fulfills the criteria of the expenditure rule
The draft budget for 2017 meets the criteria for stabilizing expenditure rule and the general government deficit according to the EU methodology lower than 3 percent. GDP, ie. Is 2.9 percent. GDP.
What expenses
The main task implemented on the expenditure side of the state budget is to provide funding, which started in April 2016 of the “500+ Family” (approx. 23 billion zł – a record support for Polish families).
In the draft budget bill for 2017 also included m.in .: planned changes to the retirement age, one-off allowances, for the worst-income pensioners, increased expenditures on national defense and the road and rail infrastructure, increased provision of care, family allowances and the income thresholds in family benefits, subsidies to free drugs for seniors, more funding for crop insurance and farm animals.
What earnings
As we read in the message, the implementation of the program of the government will be possible, among others, thanks to the ongoing process of reconstruction in tax revenues of the state and sealing of the tax system.
The changes already in the current year brings a significant increase in tax revenues (after 7 months in the VAT only about 7.4 percent, or 5.2 billion zł more than in the same period of 2015.). In 2017 years it is expected to further increase in tax revenue (the planned amendment of the VAT Act, an extension for another company’s obligation to transfer the data in the format of the Single File Control, effective fight against the shadow economy and the extortion of VAT refund).
The project budget bill for 2017 years takes into account the budget of the European funds, which are planned: the budget revenues of European funds: 60.2 billion zł, budget spending of European funds: 69.8 billion zł, the budget deficit European funds: 9.6 billion zł .
Economist: the planned deficit is in the framework of the EU
The chief economist of Citi Handlowy Piotr Kalisz told Radio Information Agency that the annual budgets are prepared with a supply. Budget projections are above market expectations, but the expert’s view, this should not have much relevance to the financial plan.
Piotr Kalisz said that economic growth lower by less than half a percentage point, will not be a problem for the budget.
The budget deficit has not exceeded 59 billion 300 million zlotys. The expert points out that the advantage of spending over income countries is in the EU framework.
It is worth thinking about reducing debt
Piotr Kalisz adds that the deficit you have to look at in relation to GDP. The government expects a deficit below 3 percent of GDP. According to the expert, the possible increase also does not hurt significantly finances. Piotr Kalisz, however, claims that better moment to limit the debt can not be.
Premier Awl with proj. Budget: the most important thing is the balance between program implementation and accountability
In preparing the draft budget had to be balanced programs of pro-social and pro-development with the need to create a responsible budget – said on Thursday, Prime Minister Beata Szydlo during a conference on the preliminary draft budget for 2017.
Premier: discussion on the budget was not an easy
“It was not an easy discussion. It was not an easy discussion on preparation of the draft budget itself, which would drain the expectations of all ministries. On the other hand, the most important goal that we set ourselves, that is, to realize the priorities of the program, which took the government to the citizens: programs of pro-social programs pro-investment and also the many needs that are related to security, education “- described the prime minister.
She added that it is also essential that the budget was “responsible”.
The government wants to keep the public finances in the best possible condition
“We are determined to, in order to rebuild the tax revenues of the state budget, in order to seal the system, in order to spend money rationally. to also essential to maintain the state of public finances in the best possible condition, to a low deficit, “- said the Prime Minister.
she added that the government wants the order to” be able to say that rebuilding state finances that we create a system which is stable, which is predictable. On the other hand, we realize these key priorities, the most important goals that involves the government, related to our policy of pro-family, pro-social, security policy, and the most important challenge – namely development policy, “- she said.
The government is waiting for attention
As explained Beata Szydlo, presented on Thursday, the project will still be consulted with the Council for Social Dialogue.
“We are waiting for attention . But also for some time – until the end of September and until we send have the final draft adopted by the Council of Ministers to the Parliament, will have continued work in the ministries and will continue its work mainly in the Ministry of finance “- she added.
Prime Ministers committed to seek savings in the departments
Premier Beata Szydło committed his ministers to re-examine their budgets in departments and seek savings in 2017 as part of the state budget – said on Thursday the head of the Polish government.
“The ministers were I obliged even to the inspection their budgets, priorities, to seek savings in their departments. a Development Committee, headed by Deputy Prime Minister Mr. (Matthew) Morawiecki is currently working on this project, “- said at a press conference Awl.
Awl: we offer development through the family
We offer development through the family, through extensive building for her support, as well as the reconstruction of Polish industry and the creation of conditions in Poland to invest on terms that will give a chance to the entrepreneurs – said on Thursday, Prime Minister Beata Szydło.
Premier of the funding program 500 plus: we did not contract any loan. This investment
ZR. TVN24 / x-news
“We propose development through the family, by supporting families through extensive building support for Polish families, reconstruction of the Polish industry, creating conditions in Poland to invest on terms that will give entrepreneurs a chance, but at the same time will increase Polish development “- emphasized the Prime Minister at Thursday’s press conference.
She argued that the already visible effects implemented by her government reforms and undertaken by its decision this year, despite the fact that the council of ministers worked on the budget prepared even by their predecessors.
“we have introduced several modifications, but it was a draft budget of the previous government, and yet we were able to in such difficult conditions lead to the fact that there are higher tax revenue that the tax system begins to bear fruit “- emphasized.
Once again announced that both the 500 plus program, which – as pointed out by the Prime Minister – cost this year, 17 billion zł, as well as other announcements of the government will be implemented. “Consequently, this plan will be implemented in subsequent years, including the 2017″ – he declared Beata Szydło.
The budget for 2017 years real? If they appropriate tax receipts
Szałamacha: rotate in a safe area of public finance
Despite the implementation of our plans pro-family continues to rotate in the safe space of public finances – said on Thursday the finance minister Paul Szałamacha.
The Minister said that a number of objectives of political government will be carried out at an elevated than the current size in 2017 . at “stopping the budget deficit at a safe, reliable level of 2.9 percent. (GNP – PAP).” “I consider it an undisputed success of our government, the entire Council of Ministers and also my person” – stressed Szałamacha.
He noted that during the reign of PO-PSL coalition deficit fell to below 3 per cent. in 2015., which – he said the minister – is the achievements of the previous government.
“Despite the implementation of our plans pro-family we continue to rotate in the safe space of public finances. This is a very big achievement,” – stressed the head of the Ministry of Finance.
He added that the EU is difficult to indicate the state that implements such an ambitious agenda pro-family and pro-growth as Poland, while maintaining the deficit at a safe level.
Szałamacha also said that for the next month they will continue discussions in the Council for Social Dialogue and the Ministry of Finance conversation with the other ministries on priorities.
In September, a draft budget law for 2017. Will go to Parliament
In September, a draft budget law for 2017. Is expected to Parliament – said on Thursday the finance minister Paul Szałamacha. He added that this time will be even conducted discussions in the Council for Social Dialogue and ministries.
“Before us a month, difficult discussions at the Council of Social Dialogue, a series of bilateral meetings, I will also talk with all the ministers for on what they have internal priorities. Because some believe that the established money on some investments, for example, capital expenditure can wait, and would prefer to carry out other assumptions “- Szałamacha said at a news conference after Thursday’s cabinet meeting. The Council of Ministers adopted on the preliminary draft budget bill for 2017.
In connection with these discussions – emphasized Minister of Finance – the project will be “matched even by next month already all ministries, so that in September a document ( bill budget-PAP) fully secure form was sent to parliament “.
The revenue from shops in 2017. – 1.6 billion zł
In the preliminary draft budget for 2017. Government assumes tax proceeds from the shops at 1.6 billion zł – said after Thursday’s cabinet meeting Finance Minister Paul Szałamacha.
The head of the Ministry of Finance said that the expected level the proceeds of this tax is “safe”. “Rather, you have to plan with the conservative approach,” – he stressed.
He added that the tax is designed so that if part of the network of trade would “not play fair” and transfer tax rates for consumers, it opens up a competitive space “for smaller taxpayers.” “They will then be able to win” – he said.
The draft budget is planned, among others, provision for lowering the retirement age
In addition to the 500 Plus Programme in the preliminary draft budget is planned, among others, reserve the decision ws. lowering the retirement age for programs rail and road, the program ditch the Vistula Spit and increases for budżetówki – said Thursday the Minister of Finance Paul Szałamacha.
“Next year we will implement not only in fully flagship program (…) universal support 500 families plus a full calendar year “- said the Minister.
Gowin: Under what conditions and when the retirement age be lowered?
ZR. Tarnow Media Sp. z o. o./x-news
“We finance a number of other goals: it made provision for a decision on the reduced retirement age, about 2 billion will be higher infrastructure expenditure in the budget of the Minister (Infrastructure and construction Andrew) Adamczyk programs rail and road running will program ditch the Vistula Spit, they will be allocated the appropriate money to inflationary indexation of wages across the budgetary sector by 1.3 percent. ” – He explained.
He pointed out that a number of the assumptions of the year 2016 realized an increased dimension in the next year. “And by keeping what I consider to be the undisputed success of our government, the entire Council of Ministers, and – as you admit – my personal, that is, stop the budget deficit at a safe level, for reliable level of 2.9 percentage points.” – He stressed.
Szałamacha financing program 500+ is protected
All amounts on the program, plus 500 family are fully secured and additional funding, whether the changes will not be needed in a year – announced on Thursday, Finance Minister Paul Szałamacha. He added that if the program succeeds, the expenditure in the coming years will grow.
“If the program succeeds 500+ Family, where we want – and this success is higher than the birth rate in the Republic for the year, for two for three – it is clear that spending on this program will grow, “- explained the head of the Ministry of finance at the conference after the cabinet meeting.
Szałamacha: VAT rates in 2017. Will be at the current level
The finance minister Paul Szałamacha said on Thursday that next year, the VAT rate will be maintained at current levels.
“As for VAT rates, as repeatedly announced, will be maintained. As to how a long time – this is a matter that goes somewhat beyond the immediate horizon of decision-making (…) certainly will be stopped next year and we will respond appropriately to events in the coming years “- said the head of the Ministry of finance at the press conference after the cabinet meeting.
IAR, PAP, jk
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