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Friday, February 23, 2024

Budget for 2024. The Sejm – Public Finance Committee recommends the adoption of 20 amendments

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The Parliamentary Public Finance Committee recommends the adoption of the draft budget act for 2024 along with 20 amendments. They concern, among others, the transfer of funds in individual budget parts. The committee issued a negative opinion on the amendment prepared by Law and Justice MPs to allocate PLN 500 million to finance “classic methods of treating marital infertility.”

On Thursday, the Sejm Finance Committee considered the government’s draft budget act for 2024 in terms of the textual part. During the meeting, MPs adopted 20 amendments to the draft.

Amendments to the draft budget for 2024

Vice-chairman of the committee, Krystyna Skowrońska from the Civic Coalition, said that the adopted amendments include, among others: transfer of funds to the same administrators, in individual budget parts. These funds are intended to enable the granting of 20%. raises for administration employees.

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She added that enabling amendments were also adopted transfer of over PLN 199 million to the general reserve, among others PLN 22.5 million from the budget of the Supreme Court, PLN 64.6 million from the budget of the Supreme Audit Office, PLN 49 million from the budget of the National Broadcasting Council, PLN 45.5 million from the Institute of National Remembrance and PLN 11.9 million from the Office of Protection Personal Data.

Skowrońska informed that additionally from the budget Institute of National Remembrance almost PLN 4.4 million was transferred, which will be transferred, among others, to the budget of the Ombudsman for Children.

Moreover, the committee expressed a negative opinion on the amendment prepared by PiS MPsto allocate PLN 0.5 billion to finance “classic methods of treating marital infertility”. Tomasz Trela, an MP from the Left, commented on PiS’s proposal on social media. “At the Public Finance Committee, @pisorgpl wanted to allocate PLN 500 million for the in vitro program. They failed. Financing of the program was defended,” Trela ​​wrote on X (formerly Twitter).

The rapporteur who will present the committee’s report at the plenary session of the Sejm will be Janusz Cichoń from the Civic Coalition.

The second reading of the bill at the plenary session of the Sejm is scheduled for January 10, and the third reading, i.e. voting, is scheduled for January 12. The Senate is scheduled to finish considering the bill by January 22. It is expected that the budget will be signed by the president Andrzej Duda January 29.

Draft budget for 2024

According to the project, budget revenues for 2024 were planned at nearly PLN 682.4 billion. The project assumes that tax revenues will amount to almost PLN 603.9 billion. VAT revenues for this year are expected to amount to over PLN 316.4 billion (in 2023 – PLN 272.9 billion), personal tax revenues to PLN 109.2 billion (in 2023 – PLN 83.5 billion). Revenues from corporate income tax in 2024 are expected to amount to just over PLN 70 billion (PLN 77.6 billion in 2023), while excise tax is expected to bring almost PLN 89 billion this year (PLN 83.8 billion in 2023).

The tax on financial institutions is expected to generate PLN 6.25 billion in 2024 (almost PLN 6 billion in 2023). The budget is to receive PLN 4.63 billion from the retail sales tax, and PLN 3.7 billion from the mining tax on certain mines.

The justification also indicated that the expenditure limit for 2024 set in the draft budget act is nearly PLN 866.4 billion and is higher than that planned in the amended budget act for 2023 by nearly PLN 173 billion, or 24.9%.

The state budget deficit planned for 2024 is to amount to no more than PLN 184 billion, and the budget deficit of European funds – PLN 32.5 billion. The justification indicated that, taking into account the financial plans of other public finance sector units, the forecast deficit of the finance sector according to the EU methodology will amount to 5.1% in 2024. GDP.

Main photo source: PAP/Tomasz Gzell

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