2024 Budget-Related Act: Salaries, Bonds, and Public Finance
The Act introduces specific financial solutions for 2024, including changes to the salary bases for teachers and uniformed services, the transfer of treasury securities to universities, railways, mining, and public media, and modifications to local government financing. It also regulates the protective allowance and flexibility in creating specific reserves.
Key points
Salaries: The average teacher salary increases by 2.308%, and soldiers' and officers' emoluments are increased from March 1, 2024, with retroactive adjustment.
Treasury securities: The budget minister may transfer bonds to, among others, universities, PKP PLK, a mining enterprise, for semiconductor investments, and public media (up to PLN 1.995 billion for compensation and up to PLN 1 billion for capital).
Protective allowance: The validity of regulations regarding the protective allowance has been extended to December 31, 2024.
Local government finances: The development part of the general subsidy was set at PLN 3.231 billion, and rules for CIT revenue adjustments were introduced.
Specific reserves: The Prime Minister may order the creation of a new specific reserve for, among other things, countering natural disasters, epidemic effects, or inflation.
Managerial salary cap: In 2024, the base amount for persons holding state managerial positions is not valorized.
Railway Fund: Fund resources may be used to co-finance the activities of the railway infrastructure manager.
88%
VOTING RESULTS
2023-12-21
For
244
Against
22
Abstain
11
Status:
Presidential Veto
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