Poland's budget shows surplus in January

Debt

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Despite the limitations related to the pandemic, budget revenues remained stable at the end of January, while the budget recorded a surplus of PLN 6.6 billion (EUR 1.46 billion), the Minister of Finance, Funds and Regional Policy Tadeusz Kościński told the Polish Press Agency.

According to finance ministry data, January budget revenues reached PLN 40.7 billion, up 1% year-on-year including PLN 39.2 billion in tax receipts, up by 5% in annual terms.

Value added tax (VAT) revenues reached around PLN 23.3 bn in January, up by 6.5% yr/yr. Personal income tax (PIT) revenues increased by 11.5% to some PLN 7 billion whereas corporate income tax (CIT) revenues increased by 10.4% yr/yr to PLN 3.5 billion. Poland plans an PLN 82.3 billion budget deficit in 2021, according to the latest budget bill. 

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