Karol Nawrocki’s vetoes have their price. The amount is staggering

The Ministry of Finance has prepared calculations which show that: six bills vetoed by Karol Nawrocki may cost this year’s budget exactly PLN 8.04 billion. These are regulations that were intended to increase state revenues, including: through higher taxes and fees.

Karol Nawrocki’s vetoes hit the budget

The biggest item is the veto on the bill introducing a tax on windfall profits of fuel companies. The Ministry of Finance estimates that the budget will lose due to this decision PLN 3.8 billion. The government was counting on additional revenues, including: from fuel companies.

According to “Rzeczpospolita”, the second place is taken by the law regarding the increase in excise duty on alcohol. Its veto means, according to the ministry PLN 1.8 billion less revenues.

Three other acts were next in line. The veto regarding the introduction of the SENT system in concrete trading is PLN 1.2 billion less in the budget. The increase in the sugar levy from 50 to 70 groszy was supposed to bring further increases PLN 0.9 billion. In turn, changes in CIT tax were valued at PLN 0.2 billionand increasing the tax on winnings on PLN 0.14 billion.

The total adds up to this PLN 8.04 billion. However, the Ministry of Finance emphasizes that the list only includes presidential vetoes that have a direct and estimable impact on this year’s budget. The remaining vetoed bills were not included in the calculation.

Karol Nawrocki and 40 vetoed bills

In the first year of his term, Karol Nawrocki vetoed over 40 bills. One of the president’s most famous decisions was the veto Act on the EU SAFE programwhich is intended to help EU countries finance defense investments. The president argued that the program meant long-term debt for Poland and proposed his own alternative, the so-called “Polish SAFE 0 percent”. However, the government announced that, despite the veto, it would use the SAFE funds allocated to Poland and look for another way to use them.

Another loud one veto is the so-called windfall taxi.e. a tax on extraordinary profits of fuel companies. The government assumed that the new regulations would generate approximately PLN 4 billion, and part of this money was to be allocated to activities related to reducing fuel prices. Karol Nawrocki referred the act to the Constitutional Tribunal as part of preventive control.

The president also blocked subsequent versions of the act regulating the cryptocurrency market. In this way, the government wanted to adapt Polish regulations to the EU MiCA regulation. Karol Nawrocki argued that the project means excessive regulation and may cause some companies to move their operations outside Poland.