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Tuesday, September 28, 2021

Country budget. Finance Minister Tadeusz Kościński on the surplus

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The state budget surplus after July amounted to PLN 35.3 billion – Minister of Finance Tadeusz Kościński told the Polish Press Agency. – In the period January-July 2021, revenues amounted to PLN 278.1 billion and were higher by PLN 42.3 billion, i.e. by 17.9 percent – he added. He also said that VAT revenues in July this year were higher by PLN 0.5 billion.

– In July 2021, the state budget revenues were higher by approx. PLN 5.7 billion, i.e. by 14.8%. y / y, and amounted to PLN 44.1 billion. In the period January-July 2021, the execution of state budget revenues amounted to PLN 278.1 billion and was higher by PLN 42.3 billion, i.e. by 17.9%. compared to the performance in the period January-July 2020, the expenditure amounted to PLN 242.8 billion. At the end of July, a surplus of PLN 35.3 billion was recorded in the budget, Minister of Finance Tadeusz Kościński told PAP.

State budget

He added that the VAT revenue in July this year. were higher by PLN 0.5 billion, i.e. 2.6%. y / y and amounted to PLN 19.4 billion. In the period January-July 2021, the execution of VAT revenues amounted to PLN 121.0 billion and was higher by PLN 23.7 billion (i.e. 24.3%) compared to the execution in the period January-July 2020.

As announced by the Minister of Finance, revenues from excise duty in July this year. were higher than the income in July last year by PLN 1.0 billion, or 15.7 percent. and amounted to PLN 7.1 billion. In the period January-July 2021, the excise tax revenue amounted to PLN 40.9 billion, more by PLN 2.3 billion (i.e. 6.1%) compared to the January-July 2020 period.

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– State budget income from PIT in July this year. were higher by PLN 0.7 billion, i.e. by 12.0 percent. y / y and amounted to PLN 6.1 billion. In the period January-July 2021, the income from PIT amounted to PLN 39.7 billion and was higher by PLN 5.7 billion (i.e. 16.8%). State budget income from CIT in July this year. were higher by PLN 2.0 billion, i.e. 55.8 percent. y / y and amounted to PLN 5.5 billion. High dynamics of CIT revenues in July this year. should be linked to the annual settlement for 2020. In the period of January-July 2021, the performance of CIT revenues amounted to PLN 31.0 billion and was higher by PLN 5.4 billion (i.e. 21.0%) compared to the performance in January-July 2020 – said Tadeusz Kościński.

He added that non-tax revenues in July this year. were higher by PLN 1.1 billion, i.e. 29.6 percent. y / y and amounted to approx. PLN 4.7 billion. In the period January-July 2021, the performance of non-tax revenues amounted to PLN 36.8 billion and was higher by PLN 1.9 billion (i.e. 5.4%) compared to the performance in the period January-July 2020.

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