The country’s budget deficit is expected to be no more than PLN 68 billion (EUR 14.2 billion, USD 13.8 billion) next year, and the target for the general government deficit is 4.5 percent of GDP, state news agency PAP reported.
Government revenue is expected to total PLN 604.7 billion in 2023, with spending set at PLN 672.7 billion.
The proposed budget ensures full financing for the government’s key social assistance projects, including its flagship "500-plus" child benefit programme and subsidised school supplies for children nationwide, officials have said.
Meanwhile, health spending is expected to exceed 6 percent of GDP, and defence spending is expected to stand at 3 percent of GDP next year.
Prime Minister Mateusz Morawiecki last month described the government's financial plan as “an ambitious budget for difficult times.”
(gs)
Source: PAP, IAR