PMR Online access    |   tel. +48 12 340 51 00    |   E-mail: info@pmrcorporate.com
 


 

Sejm approves 2013 budget


2012-12-13



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.



Browse and search in our archive »


subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »




Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news
 

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.