Budget surplus after October thanks to inflation. This is data without the billions flowing outside the budget

In the period of January-October 2021, the state budget revenues amounted to PLN 405.7 billion, and PLN 353.8 billion was spent, the budget recorded a surplus of PLN 51.9 billion, according to information from the Minister of Finance, Tadeusz Kościński, released to PAP on Friday. Is that okay? Not completely. This data does not take into account the money that the government spends through its financial institutions, i.e. BGK and PFR. Moreover, the increase in budget revenues is mainly the result of inflation.

  • In October alone, the budget recorded PLN 4.3 billion of a surplus of income over expenditure
  • That was before the transfers for the fourteenth pensions
  • From January to October, the surplus increased to PLN 51.9 billion
  • The data do not include the amounts issued by BGK and PFR from the debt incurred, which is guaranteed by the State Treasury
  • Mainly the revenues from VAT and CIT increased. PIT revenues grow slower
  • You can find more such information on the Onet homepage

In October 2021, the state budget revenues were higher by approx. PLN 6.1 billion, i.e. 15.5%. yy and amounted to PLN 45.6 billion – the head of the finance ministry informed. Simultaneously expenditures amounted to PLN 41.3 billion, i.e. they were higher by 9.3%. Every year.

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.

Check Also

The fake number is calling 225601600. Better answer!

Is the number 225601600 calling you? Better pick up because it could be an important …

Leave a Reply

Your email address will not be published.