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Polish gov’t approves 2019 budget

PR dla Zagranicy
Paweł Kononczuk 25.09.2018 15:47
The Polish government on Tuesday approved a budget for 2019.
Photo: Pixabay.com/Arcaion/CC0 Creative CommonsPhoto: Pixabay.com/Arcaion/CC0 Creative Commons

Prime Minister Mateusz Morawiecki said: "This is a very good budget, a budget that very much reflects our social policy on the one hand, and on the other development and investment policy.”

Finance Minister Teresa Czerwińska said the budget was conducive to economic growth, including "inclusive growth, that is, growth which will include all social groups.”

She added that the deficit would be a "record low".

The budget must now be approved by parliament, where Morawiecki’s governing conservative Law and Justice party has a majority.

Poland’s government last month adopted a preliminary draft budget for 2019 which expects the economy to grow a healthy 3.8 percent, with inflation targeted at 2.3 percent. The country’s budget deficit was expected to be no more than PLN 28.5 billion (EUR 6.6 billion, USD 7.6 billion) next year.

Officials said at the time the budget was geared toward boosting the country’s economic development and ensured full financing for the government’s key social assistance projects, including its flagship "500-plus" child benefit programme.

The Polish economy grew 5.1 percent in the second quarter of this year, the country’s Central Statistical Office (GUS) said at the end of last month.


Source: IAR

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