Poland: Budget Amendment Passed in Parliament

People ♦ Published: August 21, 2013; 17:26 ♦ (Vindobona)

In order to adapt to the slow economic growth the government has amended the budet by permitting this year’s budget deficit to increase to PLN 16bn as well as approving PLN in spending cut, as announced at a press conferenced on Tuesday.

Poland: Budget Amendment Passed in Parliament / Picture: © Vindobona.org

The budget lid for 2013 is PLN 51.565bn instead of PLN 35.566bn as originally planned.

Polish Prime Minister Donald Tusk announced that the spending cuts, which were proposed by the Finance Ministry were met “without any emotion and without any opposition” by the ministries. Budget spending was cut by PLN 7.565bn to PLN 327.294bn. The preliminary spending cut target was PLN…