The budget deficit after July 2020 amounts to PLN 16.3 billion – according to the estimates of the Ministry of Finance. The hole is smaller than after the first half of the year, when it amounted to PLN 17.1 billion.
–
In the period from January to July, revenues amounted to PLN 235.8 billion, and expenditures to PLN 252.1 billion. Deputy finance minister Piotr Patkowski told PAP Biznes that from the beginning of this year execution of VAT revenues amounted to approx. PLN 97.3 billion and was lower by approx. PLN 6.5 billion, i.e. 6.3%. yoy. In July alone, VAT revenues amounted to PLN 18.9 billion and were higher by approx. PLN 1.7 billion, i.e. by 9.6%. compared to July 2019
–
– Estimates of the state budget execution for the last month show that the economy is starting to return to the right track. In July, the state budget revenues were higher by PLN 1.8 billion than in July 2019 and amounted to approximately PLN 38.4 billion. Cumulatively, in the period January – July, the state budget revenues amounted to approximately PLN 235.8 billion and were higher by PLN 7 billion compared to the same period of 2019 – Patkowski noted.
–
Receipts from VAT, CIT, taxes
As he explained, “we achieved good results especially in terms of VAT and CIT revenues”. He reported that VAT revenues in July amounted to PLN 18.9 billion and were higher by approx. PLN 1.7 billion, i.e. by 9.6%. compared to July 2019. – Partially good dynamics in VAT may result from the efficient implementation of VAT refunds in previous months, when we tried to increase the liquidity of enterprises during the freezing of the economy – he said.
–
He also added that from the beginning of this year. execution of VAT revenues amounted to approximately PLN 97.3 billion and was lower by approximately PLN 6.5 billion (i.e. 6.3%) compared to the performance in the period from January to July 2019.
–
The deputy finance minister informed that the state budget revenues from CIT in July this year were higher by approx. PLN 0.6 billion, i.e. 22 percent. yoy.
–
According to the Ministry of Finance, in the period January – July 2020, tax revenues of the state budget were lower than in the period January – July 2019 by approximately PLN 10.4 billion.
–
—
Compared to the same period last year:
–
– VAT revenues were lower by 6.3 percent. yoy (i.e. approx. PLN 6.5 billion),
–
– PIT income was lower by 6.7 percent. yoy (i.e. about PLN 2.4 billion),
–
– CIT revenues were 2.8 percent higher. yoy (i.e. approximately PLN 0.7 billion),
–
– excise tax and gaming tax revenues were 4.9% lower. yoy (i.e. approx. PLN 2.1 billion),
–
– income from tax on certain financial institutions was 1.1 percent higher. y / y (i.e. approx. 0.03 billion).
–
In the period January – July 2020, the performance of non-tax revenues amounted to approximately PLN 34.9 billion and was higher by approximately PLN 17.3 billion (i.e. 98.6%) compared to the performance in the period from January to July 2019. .
–
Over seven billion zlotys from the NBP
“It took place in June payment from the profit of the National Bank of Poland for 2019 in the amount of PLN 7.4 billion, which did not occur in 2019. In addition, the higher execution of non-tax revenues in the period of January-July 2020 results from payments from the auction of greenhouse gas emission allowances, “the Ministry of Finance announced.
–
PLN 100 billion at the end of the year
Finance Minister Tadeusz Kościński said in July that the budget deficit in 2020 may amount to around PLN 100 billion, and GDP will fall by around 4.5-4.6 percent. – It’s still in the analysis. We have budget assumptions, we are still waiting for the government, other ministries, RDS (Social Dialogue Council – ed.), Which may cause changes in our assumptions about what the deficit will be. This is a preliminary assumption, he explained.
–
