The country’s budget deficit is expected to be no more than PLN 29.9 billion (EUR 6.46 billion, USD 7.31 billion) next year, and the target for the general government deficit is 2.9 percent of GDP, state news agency PAP reported.
Government revenue is expected to total PLN 491.9 billion in 2022, with spending set at PLN 521.8 billion.
Finance Minister Tadeusz Kościński was quoted as saying that the government's financial plan for next year was expected "provide further impetus for the development of the Polish economy."
Kościński has previously described the government's 2022 budget proposal as "a response to the needs of the Polish economy," which he said was "getting back on the path of growth after the pandemic crisis."
Tadeusz Kościński. Photo: Polish Ministry of Finance
The proposed budget ensures full financing for the government’s key social assistance projects, including its flagship "500-plus" child benefit programme and subsidised school supplies for children nationwide, officials have said.
Meanwhile, health spending is expected to increase to 5.75 percent of GDP, and defence spending is expected to stand at 2.2 percent of GDP next year.
(gs/di)
Source: PAP, IAR, pap-mediaroom.pl