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.

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