The Polish Cabinet approved the 2024 draft budget, Mateusz Morawiecki, the prime minister, told a press conference on August 24.
“Budget revenues are rising, this year they will be PLN 605 billion (EUR 135 billion) and next year over PLN 680 billon (EUR 152 billion),” Morawiecki said.
A presentation by the Prime Minister’s Office showed planned 2024 budget revenue at PLN 683.6 billion (EUR 152.8 billion).
Poland expects GDP growth in 2024 to settle at 3%, with average annual inflation seen at 6.6%, Magdalena Rzeczkowska, the finance minister, has said at the same press conference.
The figures are in line with assumptions adopted back in June, when Poland was revising its 2023 budget.
Public sector deficit is expected to hit 4.5% of GDP in 2024.
The Prime Minister failed to provide a total 2024 spending breakdown but said that over PLN 190 billion (EUR 42.4 billion) would go on healthcare, PLN 137 billion (EUR 30 billion) on social programmes and PLN 158 billion (EUR 35 billion) billion on security and defence. (PAP/Business World Magazine)