The lower house in Poland (the Sejm), voted 240-191, with three abstentions, to approve budget the bill, which the Senate will take up on Jan. 24. According to the budget bill approved by the Polish lower house (Sejm) on Thursday, state revenues are planned at nearly PLN 682.4 billion (EUR 154.9 billion) with almost PLN 866.4 billion of planned spending. The deficit is not expected to go beyond PLN 184 billion.

The lower house in Poland (Sejm). Photo by Marcin Obara/PAP

Defence expenditure level planned exceeds PLN 118 billion (ca. EUR 26.86, USD 29.2 bn), translating into 3.1% of Polish GDP.

For the bill to be adopted, it must be passed by the upper house of the Polish parliament (Senat) and be signed by the president before January 29. 

Polish President Andrzej Duda said in Davos that he would sign the 2024 budget bill into law if he considers it in accordance with the constitution.

(J)