Poland: Impact of the COVID-19 on public finances 2020

The outbreak of the coronavirus epidemic in Poland is predicted to increase public debt to 53.5 percent of GDP. This is also influenced by a drop in tax and contribution income, which is forecast to decrease by 131 billion zloty. The total balance of the public finance sector in Poland will reduce by nearly PLN 228 billion in 2020.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Impact of the coronavirus (COVID-19) pandemic on the balance of public finances in Poland in 2020 (in billion zloty)

Characteristic	Change in public finances in billion zloty
No conversion fee for OFE/IKE*	-9.7
Decreases in tax revenues and contributions due to lower GDP growth, in which:	-131.6
FUS*	-32.8
CIT	-18.2
PIT	-21.6
VAT	-54.2
Excise duty	-4.7
Anti-crisis shield for COVID-19 epidemia	-86.4

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Release date

April 2020

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Region

Poland

Survey time period

April 2020

Supplementary notes

* OFE - Otwarty Fundusz Emerytalny ( Private Pension Funds)
IKE - Indywidualne Konto Emerytalne (Individual Retirement Account)
FUS - Fundusz Ubezpieczeń Społecznych (Social Insurance Fund)

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