WARSAW, Poland – Polish lawmakers have amended this year’s budget bill to present a $29 deficit due to national closure and monetary charge to companies affected by COVID-19 security measures.
Parliament’s small space voted Wednesday night 232-218 with an abstention to approve the amended state budget by 2020 with a deficit of up to 109. 3 billion zlotys.
Prior to the pandemic, the Polish government provided a balanced budget for the first time in more than 30 years of democracy, but the economic recession and spending on the coronavirus pandemic, along with charitable social policies, have disrupted those plans.
The modified budget invoice authorizes up to 508 zlotys of billing ($133 billing) in expenses, 72. 7 zlotys of turnover more than planned before the pandemic. A profit of 398. 7 billing zlotys ($104 billing), 36. 7 zlotys of turnover is expected less than in the previous forecast.
The economy is expected to contract by 4. 6% this year, yet the government said last month that it knew the crash will approach 3. 5 percent. Before the pandemic, the Polish economy is expected to grow by 3. 7%.
The government plans to continue its bonus program for families with children.
Finance Minister Tadeusz Koscinski told parliament Wednesday night that the budget also includes tactics to stimulate the economy.
The government has also proposed a draft budget for 2021 with a deficit of up to 82. 3 billion zlotys ($21 billion) and estimates that GDP will accumulate by 4%.
Prime Minister Mateusz Morawiecki said the proposed budget for 2021 is a “rational compromise between the probabilities and aspirations of Poland and the Poles” and that the central point is the “security of our families. “
The bill is being debated in parliament.
A significant portion of the budget’s profits would come from the coffers of the European Union, leading the Polish government to reject suggestions made through the EU that the payment point has a nation’s record in the rule of law. rule of law criteria in Poland.
Bills must be passed through the Senate and President Andrzej Duda.
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