Poland 20 world economy. Domański: If we want to advance, then finances must be prepared

Poland is 20 world economy, and Polish public finances must be resistant – said the Minister of Finance and Economy on Wednesday Andrzej Domański. He drew attention to a two -digit increase in VAT income and a decrease in inflation.

– Today Poland is the 20th world economy and Polish public finances must be resistant. If we want to advance, then public finances must be prepared – said the Minister of Finance and Economy on Wednesday during a press conference. – Budget revenues are growing with double -digit dynamics. In particular, VAT income in 2024 increased by 18 percent. compared to 2023, PLN 43 billion more. Within 7 months of 2025, VAT income went up almost 11 percent, i.e. they were higher by PLN 18 billion – he added.

On Wednesday, a meeting of the Cabinet Council was held, i.e. a meeting of the Council of Ministers, which was convened and was run by President Karol Nawrocki. After the meeting, a press conference was held with the participation of ministers who participated in the office council.

Advertisement

– This is happening, because our economy has clearly accelerated. We inherited the economy in stagnation, in 2023 economic growth was almost zero, and now Poland belongs to the fastest growing economies in Europe – said the Minister of Finance and Economy.

He emphasized that tax collection efficiency increased. He pointed to a decrease in the VAT gap from over 13 percent. in 2023 to below 7 percent In 2024. As he assessed, it shows that the National Tax Administration works efficiently and effectively.

– Looking at the budget deficit this year, after 7 months, remember that there is PLN 35 billion, which PiS, our predecessors, enlisted outside the budget. We decided that this debt would be repaid from the budget – said Domański. – What's more, we have reformed the finances of local governments, thanks to which after the first half of this year the surplus on the accounts of Polish local governments amounted to a record PLN 40 billion. This is money that would largely be in the state budget if we did not reform, thanks to which Polish local governments have radically more funds for necessary, priority investments – he noted.

He pointed out that the government “inherited” inflation exceeding 8 percent, and at the end of July it fell to just over 3 percent. He added that every 1 point percent Inflation means an increase in budget revenues by approx. PLN 12 billion.

– Our predecessors, thanks to the driven, even shock inflation, in some way “grew out of debt.” We estimate that only in 8 years of their rule – thanks to inflation, which hit Poles' wallets – reduced the debt to GDP by almost 21 points. percent This is a debt that PiS, which our predecessors dragged out of Poles. Our government successively repays this debt to Poles, Polish families – said Domański.

When asked about the budget project for 2026, he said that work on it is still ongoing. “We will be available tomorrow,” he announced.

During the conference, Prime Minister Donald Tusk announced that on Thursday the government was to adopt a draft budget. According to the budget procedure, presented on the website of the Ministry of Finance, in August, the Ministry of Finance is to develop and send the government a preliminary budget project and then transfer it to the opinion of the Social Dialogue Council. The Council of Ministers has until September 30 this year to adopt the final draft budget for the next year and submitting it to the Sejm. Pursuant to the Constitution, the budget should go to the President to signature within 4 months from the date of handing over the draft budget act to the Sejm. If this does not happen, the president may order shortening the term of office of the Sejm within 14 days. The Basic Law provides that the president signs the budget within 7 days. (PAP)

ms/ malk/