Govt adopts 2020 draft budget

Following the 2020 draft budget’s adoption by the Polish government on Tuesday, Prime Minister Mateusz Morawiecki said it was a pro-development draft.

At a press conference after adopting the 2020 draft budget, Mateusz Morawiecki said that the budget “is very good,” and that it is a budget that supports economic development and to a large degree continues the implementation of a number of programmes initiated by the current government.

“After consultations at the Social Dialogue Council the government has introduced adjustments, however, [the draft] remains balanced,” Mr Morawiecki added.

The 2020 draft budget foresees both income and expenditure at exactly PLN 429.5 billion (EUR 98.07 billion), resulting in a balanced budget for the first time since the fall of communism and regaining of sovereignty by Poland in 1989.

In forecasting income and expenditure, the Ministry of Finance projected GDP growth at 3.7 percent in real terms, and average growth in the prices of goods and services at 2.5 percent.

The average wage and pension are to grow by 6.3 percent with private consumption growing by 6.4 percent. Poland's public debt is expected to decline to 43.5 percent of GDP at the end of 2020.

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