Budget makes it through first round and moves on to Sejm Commissions
Despite the fact that Solidarity Election Action (AWS) is its sole
supporter, next year's budget passed the first reading in the Sejm and has
been forwarded to commissions for further debate. During his presentation
in the Sejm, Foreign Minister Jaroslaw Bauc tried to convince deputies
that the budget would ensure macroeconomic stability next year. According
to the opposition Left Democratic Alliance (SLD), a quick review in
specialized Parliamentary commissions is still necessary to eliminate
other weaknesses in the legislation. Bauc argued that the rapid expansion
of the economy in 1995-97 was the result not only of reforms but also
fiscal policy that among other things involved an increase in the
circulation of money. The introduction of fiscal belt-tightening to arrest
the adverse effects of that policy would involve cutting government
spending dramatically, an idea that angers SLD, since it claims such cuts
could affect the country's ability to fight unemployment. (Prawo i
Gospodarka, pp.1,2)