Lower chamber of parliament passes Poland's 2012 state budget draft.

By bne IntelliNews January 30, 2012
The lower chamber of parliament (Sejm) has passed the 2012 state budget draft with 233 votes for and 200 votes against (in the 460-strong house). The central budget deficit's limit has been set at PLN 35.0bn (EUR 8.2bn) with revenue at PLN 293.7bn. The average annual inflation is projected at 2.8%. The document now heads for the upper chamber (Senate); if it introduces any amendments, they will be tackled by Sejm - otherwise, the bill will go directly to the president for his signature. The president cannot veto the state budget law.

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335