The state budget deficit after February 2025 was PLN 36.3 billion – according to the estimated data of the Ministry of Finance. After January, the budget was PLN 3.2 billion under the line.
In accordance with the estimated data of the Ministry of Finance, the state budget revenues in January – February 2025 amounted to PLN 75 billion 718.8 million and were lower by approx. PLN 28.3 billion (i.e. 27.2 percent) compared to the same period of last year (PLN 104.0 billion, i.e. 16.6 % of the plan). On the other hand, expenses reached PLN 112 billion at that time, PLN 60.0 million.
The deficit was therefore 36 billion 341.2 million PLN.
As reported earlier Ministry of Financethe state budget deficit after January 2025 was PLN 3 billion 205.6 million.
Budget revenues
Tax revenues in the first two months of 2025 were:
- state budget – PLN 67.4 billion and were lower in relation to the implementation in January – February 2024 by approx. PLN 26.2 billion (i.e. 28.0 percent);
- with VAT – PLN 63.5 billion and were higher by approx. PLN 9.2 billion (i.e. 17.0 percent) yaws;
- from excise duty – PLN 12.9 billion and were lower by approx. PLN 0.3 billion (i.e. 1.9 percent) yaws;
- with PIT – PLN 22.8 billion and were lower by approx. PLN 36.9 billion in relation to the implementation in January – February 2024 (in comparable conditions, without reform of the revenues of JST, the revenues of the state budget from PIT would amounted to approx. PLN 16.7 billion, i.e. 17.9 percent more RDR);
- with CIT – PLN 10.1 billion and were higher by approx. PLN 1.3 billion (i.e. 14.4 percent) in relation to the implementation in January – February 2024 (in comparable conditions, without reform of revenues, JST revenues of the state budget from CIT would be about PLN 11.4 billion, i.e. 27.3 percent more RDR).
In January – February 2025, the execution of non -taxable income amounted to PLN 8.2 billion and was lower by approx. PLN 2.3 billion (i.e. 21.6 percent) yard.
“When comparing data on the implementation of the state budget in the field of PIT and CIT, it should be remembered that from 2025, the reform of the financing of local governments came into force, which changed the share of JST in PIT and CIT. In view of this, the shares falling to the budget of the state are incomparable between these years” – it was written in the MF message.
As stated, the amount of shares transferred to local government units during January 2025 amounted to PLN 53.5 billion, compared to PLN 12.2 billion transferred a year earlier, which is an increase of PLN 41.3 billion (340.0 percent)
In the period of January-February 2025, the total revenues of the public finance sector (i.e. the state budget and local government units) with Pit amounted to PLN 30.7 billion and were higher by PLN 4.4 billion (16.7 percent) In January and February 2025, installments in amounts of 2/13 shares planned for the whole year were assigned. All subsequent installments, during March-November 2025, will constitute 1/13 of the amount planned for the whole year.
For CIT, the shares of JST amounted to PLN 2.3 billion in January and February 2025 compared to PLN 2.2 billion in January and February 2024. The implementation of state budget expenditure in January – February 2025 amounted to PLN 112.0 billion, i.e. 12.2 percent. The plan, at the same time, was about PLN 0.2 billion (i.e. by 0.2 percent) compared to the same period of 2024 (PLN 111.9 billion, i.e. 12.9 percent of the plan).
State budget expenses
After February 2025, the highest expenses were recorded in the following parts of the state budget:
- Social Insurance Institution – in the amount of PLN 21.5 billion, i.e. 10.9 percent plan;
- National Defense – in the amount of PLN 14.3 billion, i.e. 11.6 percent plan;
- General subsidies for local government units – in the amount of PLN 12.6 billion, i.e. 25.4 percent plan;
- Budgets of voivods – in the amount of PLN 8.5 billion, i.e. 19.2 percent plan;
- Internal matters – in the amount of PLN 7.3 billion, i.e. 15.2 percent plan;
- Service of the State Treasury debt – in the amount of PLN 6.6 billion, i.e. 8.7 percent plan;
- Health – in the amount of PLN 6.1 billion, i.e. 16.4 percent plan;
- EU own funds – in the amount of PLN 5.8 billion, i.e. 16.8 percent plan;
- Higher education and science – in the amount of PLN 4.8 billion, i.e. 14.7 percent plan.
The state financial plan for 2025 assumes that budget revenues will amount to PLN 632.6 billion, expenses will not exceed PLN 921.6 billion, and The deficit will reach a maximum of PLN 289 billion.
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