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Sejm approves 2013 budget


The Sejm on 12 December passed the budget bill for 2013. It envisages revenues of PLN 299.4bn (€73bn) and expenditures of PLN 335bn (€81.7bn), and a central budget deficit of just under PLN 35.6bn (€8.7bn). It is premised on GDP growth of 2.2%, a projection some observers consider no longer feasible. Finance minister Jacek Rostowski says the budget numbers are entirely realistic, but given the highly uncertain and volatile external environment, especially in the eurozone, an amendment might prove necessary in the course of 2013.

The bill now goes before the Senate.

Also on 12 December MPs passed an amendment to the Public finance law that makes the calculation of public debt levels – and the determination of whether statutory debt limits where breached – less dependent on end-of-year currency fluctuations.

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