On Wednesday, August 28, the head of the Parliamentary Committee on economical Affairs Ryszard Petru (Poland 2050-TD) commented in the PAP survey on the budgetary situation of Poland and the anticipation of introducing fresh taxes. Petru, referring to the current activities of the Council of Ministers on the draft budget for 2025, noted that he had not heard of any plans to introduce fresh fiscal burdens. The only option that is being considered is the alleged war tax, which could only be introduced if the geopolitical situation importantly tightened.
Petru stressed that the fresh government had inherited a very advanced budget deficit from its predecessors. Nevertheless, the deficit is expected to be around 4.5% in 2025, which represents a affirmative step towards its reduction.
The head of the economical committee pointed out that deficit simplification does not gotta affect budget cuts or taxation increases. On the contrary, sometimes they request to be reduced to stimulate growth. In his opinion, the Polish economy is inactive besides heavy based on consumption, while the essential investments are lacking.
War tax. Possible introduction
During the conversation, Petru pointed out that a possible war taxation should only be considered under exceptional circumstances. It would be a transitional tax, lasting a year or two, aimed at financing concrete arms projects specified as the improvement of rocket defence or aviation.
The head of the economical committee stressed that specified a taxation could not be introduced permanently, as Poland tends to keep provisional solutions for many years.
However, there were no proposals for taxation recovery. You don't know who and erstwhile to pay it.
Budget work for 2025
On Wednesday, the Council of Ministers began its meetings, the main subject of which is the work on the draft budget for 2025. In mid-June, the government adopted the presumption that GDP growth in 2025 would be 3.7 percent and average yearly inflation would be 4.1 percent.
Forecasts besides presume that unemployment at the end of 2025 will scope 4.9%, with an increase in wages in the national economy of 7.1%.
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