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The Ministry of Finance wants to amend the Polish National Bank Law. Here are the details

Broadcast United News Desk
The Ministry of Finance wants to amend the Polish National Bank Law. Here are the details

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“The Council of Ministers accepts the independence of the Central Bank as an indisputable systemic principle: Noting with concern that NBP reported negative financial results for 2022-2023, Negative evaluation of the lack of proper communication between the parties Benzodiazepines The changes in the financial results compared to those initially presented by the State Budget Office, which is an important part of the work of the Council of Ministers on the draft state budget, were included in the announcement.

“Since the NBP has failed to adhere to the principles of good cooperation, the Minister of Finance is obliged to prepare a draft amendment bill to the NBP Act. Establish a legal mechanism for communication between NBP and the Ministry of Finance During project development National Budget” – Add to.

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On Tuesday, the government approved the National Bank of Poland’s annual financial report for the year ending December 31, 2023.

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According to the applicant The information provided is inconsistent with internal forecasts The report, compiled by the National Bank of Poland’s Accounting and Finance Department, showed that based on data until July 31, 2023, the central bank is not expected to make a profit in 2023, but instead to lose at least 17.8 billion zlotys.

NBP’s losses for 2023 ultimately amounted to PLN 20.8 billion.

According to the Polish National Bank Act, if the central bank generates a profit, it gets 95% of it. This money goes into the state budget.

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source:

People's Action Party

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