Anti-inflationary shield. The budget shares what it has gained from inflation, its peak will be lower than expected – PKO BP economist

– There will also be no need to react violently on the part of the central bank – the scale of interest rate increases may be smaller than it would have to be if inflation continued to rise – emphasized Bujak.

When asked about savings in Poles’ wallets, Bujak recalled that the government’s move was about PLN 10 billion. – But if we add that the MPC will not have to raise interest rates so much, the increase in loan costs will be smaller – he reminded.

Bujak also pointed out that the government’s actions will translate into lower budget revenues. – The budget is in a very good position. The deficit of the entire public finance sector will be clearly lower than 3%. GDP. Next year, this deficit may be even smaller. This is not a budget threat. This does not mean that taxes will have to be increased in the future. We should also remember that higher inflation means a higher level of revenues – it can be said that the budget shares what it has gained from higher prices – explained the chief economist of PKO Bank Polski.

Yesterday finance minister Tadeusz Kościński explained that additional budget revenues as a result of increased inflation (due to VAT, excise duty and income taxes) amounted to approx. PLN 9 billion.

– The peak of inflation was supposed to be in January-February. But the government removed prices for this period with its intervention, which is why this peak of inflation – says Bujak – has flattened out. – Inflation should drop from March and at the end of the year prices will grow significantly slower than at present – added Bujak.

Bartosz Bednarz


About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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