“Given the relatively favorable situation in the real economy and to maintain the positive trends in the labor market is anticipated that the proceeds from the personal income tax will be made at a higher level than anticipated in the Budget Act for 2016. Proceeds from CIT in 2016. they are forecast at a level similar to the amounts projected in the budget Act for 2016. ” – The explanatory memorandum.
“You can expect a higher than projected in the Budget Act for 2016. Implementation of the revenue from excise duties, mainly due to expected higher revenues from the excise tax on tobacco products, motor fuels and cars” – added.
it was pointed out that in the first half of this year. saw an increase in VAT receipts compared to the same period of the previous year by 7.9 percent. “For comparison, in the same period of 2015. VAT revenues declined in annual terms by 7.6 percent. The realized growth of VAT revenue in the first half of this year. More than twice the size of an average, annual increase recorded in 2009-2015″ – written .
“it is expected that VAT revenues in 2016. despite deflation (annualized deflation is forecast at 0.5 per cent. compared to the assumed in the budget for 2016. inflation on the level of 1.7 per cent.), slightly exceed the amount recorded in the budget Act for 2016. ” – Read.
The document indicated that in 2016. Introduced a tax on certain financial institutions and retail sales tax. “It is predicted that the proceeds of a newly introduced public taxes will be in 2016. At a lower level than initially expected in the Budget, a total of approx. 3.6 billion zł” – written.
“Despite this total tax revenues will be only slightly lower (about 0.8 billion zł) from the forecast in the budget Act. on the other hand, non-tax revenue in 2016. inflation will be at a significantly higher than recorded in the budgetary level, mainly due to higher revenues from the payment of profit of the Polish National Bank (NBP paid this year. budget 7.9 billion zł, with the assumed 3.2 billion zł in the budget Act), “- added.
the document indicated that despite weaker than originally forecast in the budgetary economic growth this year, both in real terms and nominal state budget revenue total in 2016. should be close to 317 million zł, which represents an increase over the amount recorded in the budget Act 4 billion zł.
“Similarly as in previous years, the lower will be the implementation of budget expenditure, due to the formation of the so-called. + + Natural savings resulting from the implementation of each budget (including changes in project execution schedules, the savings generated as a result conducted tender proceedings) “- written.
With the budget bill is also clear that the projected performance, if As for the state budget deficit this year., is 42 billion zł to stipulated in the budget for this year, the maximum level of 54 billion 740 million zł. this provision appears in the table “needs net borrowing of the state budget and its financing”, annex 5 to of the bill. (PAP)
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