Budget boosted by zł.4 billion from inflation and corporate tax revenues

Rzeczpospolita has unofficially learnt the details of 2005 budget foundations, which envisage revenues of zł.173 billion and deficit of zł.35 billion. This means that the Finance Minister Mirosław Gronicki has increased anticipated revenues by zł.4 billion, largely from growing inflation and corporate tax revenues. The latest version of the budget forecast envisages year-on-year CPI standing at 3% in 2005. The most important interest rate of the Central Bank should amount to 6.75% at the end of 2004 and 7.25% in 2005. The Minister also forecasts that economic growth should amount to 5%, but the forecast might be further boosted. "It is hard to say what will be the final amount of revenues and expenditures, but the deficit is already sure," said the Rzeczpospolita source. (Rzeczpospolita, pp. A1, B1) M.M.