Budget for 2017: responsible and realistic

We are rebuilding the state finance and creating a stable and predictable system. We implement the most important government objectives related to family, social, security and development policy, said Prime Minister Beata Szydło referring to the budget for 2017. The government adopted the preliminary draft budget on Thursday.

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Photo: P. Tracz / Chancellery of the Prime Minister

Preliminary draft budget for 2017

We are determined to rebuild tax revenues of the state budge, tighten the system, spend the funds rationally and, first of all, maintain public finance in the best possible condition to keep the deficit low, stressed Prime Minister Beata Szydło at the press conference on Thursday.

Prime Minister Beata Szydło said that the draft budget for 2017 was an attempt to meet the expectations of all ministries. It also implements the government priorities, i.e. social programmes, programmes fostering investment and related to security and education, which Prime Minister undertook to carry out. The draft budget is also responsible and realistic.

Prime Minister emphasized that the work on the budget would continue at the Ministry of Finance and other ministries.

Budget for 2017: funds for the “Family 500+” programme and a deficit at a safe level

The government adopted the preliminary draft budget bill for 2017 with a deficit not exceeding PLN 59,3 billion, informed the Minister of Finance Paweł Szałamacha after the Thursday meeting of the government. GDP is to increase by 3.6% next year, while the public finance sector deficit is to amount to 2.9% of GDP and inflation to 1.3%. The Minister of Finance assured that the “Family 500+” programme would be implemented next year. He added that funds for the programme were secured in the budget for 2017. He said that the government headed by Beata Szydło would keep the deficit at the safe level, implementing at the same time an ambitious agenda promoting family and development.

Basic information about the draft state budget for 2017

Macroeconomic assumptions:

Main macroeconomic indicators determining the forecast revenues for 2017 include:

  • GDP growth (by 3.6% in real terms);
  • Average annual increase in consumer prices (1.3%);
  • Nominal increase in average salary in the national economy (5.0%);
  • Employment growth in the national economy (0.7%);
  • Increase in private consumption (in nominal terms by 5.5%).

Revenue and expenditure:

The draft state budget for 2017 envisages the following:

  • State budget revenue: PLN 324.1 billion,
  • State budget expenditure: PLN 383.4 billion,
  • State budget deficit of not more than: PLN 59.3 billion.

The basic 2017 European budget amounts are:

  • European budget revenue: PLN 60.2 billion,
  • European budget expenditure: PLN 69.8 billion,
  • European budget deficit: PLN 9.6 billion.

See also