The Ministry of Finance published information on the estimated implementation of the state budget from January to November 2023 The figures show that during this period the revenue of the State budget amounted to 530,300,000,000 PLN and were higher by 65,800,000,000 PLN (i.e. 14.2%) compared to the same period last year. After eleven months deficit remains below 50% the planned deficit for the entire current year.
It is important to emphasise a very good and stable situation on the labour market, which translates into a good financial condition of the Social Insurance Fund and a significantly lower need for funding complementary to the FU from the state budget.
The grant to FUS reached after November 2023 44,400,000,000 PLN (in the revised budget law for the year 2023 planned for this purpose together 59,800,000,000 PLN). In addition, lower than planned by approx. 2,700,000,000 PLN are expenditure on own resources of the European Union – i.e. Poland's membership contribution to the EU.
This means that during the whole year, important natural savings from the aforementioned titles can be estimated. At the same time, however, in the last month of the year a large part of the expenditure is realised, especially investment and final clearance of tasks.
Estimated implementation of the state budget in the period January to November 2023 in relation to the budget bill on 2023 (After the amendment), it was:
- revenue 530,300,000,000 PLN, i.e. 88.2%
- expenditure 573,000,000,000 PLN, i.e. 82.6%
- deficit 42,600,000,000 PLN, i.e. 46.4%
Revenue of the State budget from January to November 2023
From January to November 2023 State budget revenue amounted to 530,300,000,000 PLN and were higher by 65,800,000,000 PLN (i.e. 14.2%) compared to the same period last year.
The tax revenue of the state budget amounted to 468,500,000,000 PLN and were higher from January to November 2022 Oh, okay. 39,800,000,000 PLN (i.e. 9.3%), of which:
- VAT revenue amounted to 232,300,000,000 PLN and were taller by approx. 20,500,000,000 PLN (i.e. 9.7%) in relation to performance in the period January to November 2022,
- excise duty revenue amounted to 77,300,000,000 PLN and were taller by approx. 4,600,000,000 PLN (i.e. 6.4%) in relation to performance in the period January to November 2022,
- PIT revenue amounted to 79,300,000,000 PLN and were taller by approx. 15,800,000,000 PLN (i.e. 24.8%) in relation to performance in the period January to November 2022,
CIT revenue amounted to 62,800,000,000 PLN and were lower by approx. 2,200,000,000 PLN (i.e. 3.3%) in relation to performance in the period January to November 2022
From January to November 2023 Implementation of non-tax revenue was 59,300,000,000 PLN and was taller by approx. 25,500,000,000 PLN (i.e. 75.4%) in relation to performance in the period January to November 2022
Expenditure of the State budget for the period January to November 2023
Implementation of the expenditure of the State budget in the period January to November 2023 elevated 573,000,000,000 PLN, i.e. 82.6% plan. From the same period of the year 2022 (446,300,000,000 PLN) State budget expenditure was higher by 126,700,000,000 PLN, i.e. 28.4%.
Higher expenditure implementation was recorded in part 73 - Social Insurance Institution (more about approx. 26,300,000,000 PLN), which has been associated with the acquisition from local government units since June 2022 performance-related tasks 500+.
At the same time, mainly as a result of this change, lower implementation was recorded in voivod budgets (less by 17,400,000,000 PLN).
On the other hand, as regards the grant to the FUS for the payment of State-guaranteed benefits, the execution amounted to 44,400,000,000 PLN and was higher than performance during the same period of the year 2022 o 9,100,000,000 PLN i.e. ok 25.9%.
In addition, part 82 – General subsidies for local government units were higher by 22,400,000,000 PLN, the increase in expenditure on the educational part of the general subsidy. This was related, among other things, to the entry into force of the provisions of the ‘Law on the amendment of the Budget Act for a year’.
2023 of 7 July 2023” increasing resources for local government units. Launched three additional tranches of appropriations in August, September and November (total of approx. 11,600,000,000 PLN) for self-governments within parts 82 – General subsidies for local government units.