Bauc projects March inflation at 6%, 1% lower than budget target

Finance Minister Jaros?aw Bauc announced on Thursday that following upbeat inflation figures for January and February, Poland can expect year-on-year inflation in March to reach some 6%, or 1% lower than was originally assumed in the 2001 budget. During a meeting at the British-Polish Chamber of Commerce, Bauc repeated earlier warnings that this would translate into nominal budget revenues being lower, while real budget expenses being higher. Despite this, Bauc reiterated that he sees no threats to domestic economic growth targeted at 4%. Last year Poland's GDP growth reached 4.1%. (Rzeczpospolita, p.B3) A.D.