The share of budget expenditures in Poland’s GDP in 2024 will stand at 22.5% against 20.1% in 2023, the Finance Ministry has announced.
The ministry made the statement in a justification for the budget bill for next year, published on August 25, having been accepted by the Cabinet on August 24 and sent to the Social Dialogue Council for consultation.
“The share of state budget expenditure in GDP in 2024 will stand at 22.5% against 20.1% in 2023, which represents a growth of 2.4% with a simultaneous nominal growth of expenditures and growth of GDP,” the ministry wrote.
The Finance Ministry added that the expenditure limit, which had been set for 2024 at PLN 848.30 billion (EUR 190.02 billion), was PLN 154.97 billion (EUR 34.71 billion) or 22.3% higher than planned in the amended 2023 budget act. (PAP/Business World Magazine)