Poland’s budget shows surplus in January

Photo by muchomoros/Shutterstock.com

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.

Deals

Hungary to Acquire Controlling Stake in GySEV

Construction

Hungary’s Construction Activity Falls in July

Government

Hungarian Economy on ‘Cusp of Recovery’, Orbán Says

Politics

Magyar Opposes Allowing Illegal Migrants Into EU

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.