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    The balance of funds in budget accounts reaches PLN 128 billion today, says MinFin

    Estimated reading time: 2 minutes

    “The current issues of treasury bonds, which we are carrying out, are aimed at meeting next year’s borrowing needs. And the balance of funds on the budget accounts currently reaches the level of PLN 128 billion,” Finance Minister Magdalena Rzeczkowska says in an interview with Gazeta Polska.

    After the pandemic, we (Poland – ed.) were one of those countries in Europe that returned to high economic growth in 2021. We had GDP growth of 6.8 per cent then, and even 8.6 per cent in the first quarter of this year. But this is not the only good information about the state of the Polish economy.

    “Also, in the first three quarters of this year, we had 6 per cent GDP growth. In the third quarter, compared to the second quarter, growth was higher by 1 per cent. Thus, we manage to avoid recession. We maintain GDP growth in these difficult times,”

    Minister Rzeczkowska says in an interview with ‘GP’ .

    At the same time, the head of the Ministry of Finance assures that the Polish state’s finances are stable and safe. 

    “We continue to take great care of our public finances. The surplus in the implementation of the budget from the beginning of this year to the end of October amounted to PLN 27.2 billion. It is also worth noting the liquidity, the state of covering borrowing needs. Because in August, we have already had the borrowing needs of the budget covered for the whole of 2022 . And the current treasury bond issues we are carrying out are directed towards next year’s borrowing needs. And the balance of funds in the budget’s accounts now reaches the level of PLN 128 billion. Given this, we are safe. And this is true even if we take into account the fact that the deficit of the entire public finance sector planned for this year is 4.7 per cent of GDP,”

    she explained.

    The entire interview with Minister Magdalena Rzeczkowska in the “Gazeta Polska” weekly is available for sale from December 7.

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