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Budget at EUR 1.46 bn surplus in late January: Fin Min

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 bn (EUR 1.46 bn), the Minister of Finance, Funds and Regional Policy Tadeusz Kościński told the Polish Press Agency PAP.

According to finance ministry data, January budget revenues reached PLN 40.7 bn (EUR 9 bn), up 1 percent year on year including PLN 39.2 bn (EUR 8.69 bn) in tax receipts, up by 5 percent in annual terms.

Value added tax (VAT) revenues reached around PLN 23.3 bn (EUR 5.16 bn) in January, up by 6.5 percent year on year.

Personal income tax (PIT) revenues increased by 11.5 percent to some PLN 7 bn (EUR 1.55 bn) whereas corporate income tax (CIT) revenues increased by 10.4 percent year on year to PLN 3.5 bn (EUR 0.78 bn).

Poland plans an PLN 82.3-bn (EUR 18.25-bn) budget deficit in 2021, according to the latest budget bill.


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