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I UNDERSTAND
English Section

More money in Poles’ wallets: finance ministry

15.12.2019 15:54
The disposable income of the average Polish family with two children has risen from PLN 90,000 to PLN 100,000 (around USD 25,883, EUR 23,335) over the last two years, according to the country’s finance ministry.
Image by piviso from Pixabay
Image by piviso from Pixabay Pixabay License

Over the next year such annual income will increase up by another PLN 10,000, public broadcaster Polish Radio’s IAR news agency has reported.

Deputy finance minister Leszek Skiba said among the reasons for Poles having more cash in their wallets were the country’s strong economy, and the introduction of tax breaks and new social benefits.

He added: “The economy is doing quite well, despite all the fears and doubts about a slowdown lurking over the horizon.”

Skiba said that Polish pensioners had also seen an increase in income.

Compared to last year, the annual average net income in a household comprising two pensioners increased by PLN 3,000 to PLN 24,000, according to IAR news agency.

The finance ministry said that one of the reasons for the rise was an annual bonus for Polish OAPs introduced by the country’s ruling conservatives.

Average wages in Poland rose 5.9 percent in October compared with the same month last year, the country’s Central Statistical Office said last month.

The average gross Polish monthly wage in October was PLN 5,213 (EUR 1,214, USD 1,346), the state-run statistics agency reported.

The Polish economy grew 3.9 percent in the third quarter of this year, the statistical office said last month in a final estimate.

(pk)

Source: IAR