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National budget and public debt

Zofia Bolkowska, Marek Misiak
2008-07-01
Budget surplus recorded in January-April 2008.

Budget surplus recorded in January-April 2008.

Central Statistical Office (GUS): In January-April 2008 national budget revenue was PLN90,576.3 million and expenditure was PLN89,975.4 million, which respectively accounted for 32.1% and 29.1% of the amounts planned for 2008 under the budget law. As a result, there was a budget surplus of PLN600.9 million. (...) Receipts from indirect taxes rose by 9.2%, of which receipts from excise tax rose by 4.9%. Their share in total revenue was respectively 59.0% and 18.4%, compared to 60.2% and 19.5%. (...) Receipts from corporate income tax were by 25.8% higher than a year before (their share rose from 11.5% to 13.0%), and receipts from personal income tax were higher by 10.6% (their share decreased by 0.1 percentage point to 14.1%). Receipts for the national budget from EU funds and other non-refundable sources accounted for 7.8% of total revenue. The largest amount of money, 5.6% of total revenue, was transferred under the Common Agricultural and Fishery Policies. The implementation of the budget law’s expenditure plan was by 3.1 percentage points lower than in the previous year. Subventions paid to local government units amounted to PLN17,328.7 million (...) and accounted for 42.6% of the total amount of money allocated for subventions under the budget law. The share of subventions in total expenditure was 19.3% versus 18.8% last year. Money spent for servicing domestic and foreign debt accounted for 9.2% of total expenditure (10.0% in the previous year). Subsidies for the Social Insurance Fund declined by 4.9% while subsidies for the Pension Fund were higher by 36.7%. (“Information on the Country’s Socio-Economic Situation,” May 27, 2008; www.stat.gov.pl)

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