Parliament approved the 2024 state budget with planned revenues around PLN 682.4 billion and expenditures near PLN 866.4 billion. The deficit is capped at PLN 184 billion, and the budget law must reach the President for signature before January 29. This process sets the fiscal framework for the year, detailing how the government expects to fund public services, investments, and social programs while maintaining budget discipline.
Work on the budget law
The Budget Law lays out the annual plan for both income and outlays, clarifying the scope of state revenues and expenditures. The draft anticipates total revenues of about PLN 682.4 billion for the year, with roughly PLN 603.9 billion expected from tax receipts. The expenditure limit in the 2024 draft stands at nearly PLN 866.4 billion, representing an increase of about PLN 173 billion, or 24.9 percent, compared with the amount forecast in the amended 2023 budget. As a result, the draft projects a deficit of up to PLN 184 billion. Funds allocated for European Union programs are projected to run to PLN 32.5 billion, shaping the overall fiscal stance for the year.
The justification notes that when accounting for the financial plans of other public sector entities and applying the EU methodology, the predicted deficit of the financial sector for 2024 would be around 5.1 percent of GDP. This framing places the budget in a broader macroeconomic context, highlighting how the state intends to balance growth objectives with the need to maintain fiscal prudence across institutions.
Following the Sejm’s approval, the budget proceeds to the Senate for consideration. The upper chamber is scheduled to continue its session in late January, with debates on potential amendments. If the Senate suggests changes, the bill returns to the Sejm for further deliberation, and according to the Finance Committee’s schedule, plenary work is planned for late January. The President is expected to receive the final budget law for signature by January 29, aligning with the established timetable.
At the start of the session, the Sejm observed a minute of silence in honor of a former long-serving MP whose term had recently ended, marking a solemn pause in the legislative proceedings.
Related readings are noted in separate articles addressing the 2024 budget law and recent parliamentary remarks, providing additional context for readers seeking broader coverage of the budget process and political developments.