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English Section

Polish MPs OK government’s handling of 2019 budget

24.07.2020 15:35
Poland’s lawmakers have approved the government’s handling of the country’s 2019 budget.
Polands Finance Minister Tadeusz Kościński speaks in parliament on Friday.
Poland's Finance Minister Tadeusz Kościński speaks in parliament on Friday.Photo: PAP/Marcin Obara

The lower house of parliament on Friday voted 237 to 212, with no abstentions, to give the government a clean bill of health over last year’s budget and to adopt its report on how the budget panned out, Poland’s PAP news agency reported.

Poland finished 2019 with a budget deficit of PLN 13.7 billion (around EUR 3.1 billion, USD 3.6 billion), roughly half of the original PLN 28.5 billion target, according to the government's report.

Government revenue totaled PLN 400.5 billion in 2019 and was 3.3 percent higher than planned, according to the report approved by the house.

Meanwhile, spending stood at PLN 414.3 billion, 0.5 percent less than originally planned, the report said.

The Polish economy expanded by 4 percent last year and the country's gross domestic product totaled PLN 2.27 trillion (roughly EUR 520 billion, USD 600 billion) in nominal terms, according to the state-run Central Statistical Office (GUS).

(gs)

Source: PAP