Sejm passes '13 budget amendment with wider deficit
September 16, 2013
Poland's lower house of parliament (Sejm) Friday passed an amendment to 2013 budget in a 235:73 vote, allowing the deficit to rise by some PLN16 billion while finding nearly PLN 7.7 billion in spending cuts.
Three MPs abstained during the vote. MPs of the main opposition party, right-wing Law and Justice (PiS), boycotted the vote and did not appear at the plenary session.
The amended bill will put the 2013 deficit cap at PLN 51.565 billion, vs. PLN 35.566 billion planned initially. Budget receipts in 2013 are now expected at PLN 275.729 billion, i.e. PLN 23.7 billion or 7.9% lower than initially assumed.
Budget spending has been cut by PLN 7.565 billion to PLN 327.294 billion.
The Polish government officials said mid-July that a weaker than expected economy would derail its original budget plan and that they would let the country’s deficit rise by PLN 16 billion to face an estimated PLN 24 billion revenue shortfall.