Lower houses passes no-deficit budget

The Sejm (lower house) passed Poland's 2020 budget on Friday, in which revenues and outlays level at PLN 435.3 billion (EUR 102.6 bn) leaving no deficit. The budget act went through in a 231-to-217 vote with one abstention. Deputy Finance Minister Tomasz Robaczynski said the 2020 budget was designed to ensure long-term stability for Poland's public finances. Robaczynski said expenses foreseen under the budget were the highest in history, but gave his assurance that the state controlled sufficient funds to cover them.