Cut taxes and expenditure economists and employers tell Finance Minister

Economists think that the main flaws of Finance Minister Grzegorz Kolodko's plan of improving the condition of public finances is the lack of substantia l expenditures cuts and his policy of increasing taxes. They believe that th e changes might improve the economy, but only over the longer term. "Faster success would come from a gradual reduction of taxes spread over several yea rs," said the main economist of Deutsche Bank Arkadiusz Krzesniak. Economist s say the proposed changes might stabilize public finances thanks to increas ing revenues. "According to the plan the deficit would remain at zl. 40 bill ion," stressed BRE Bank economist Janusz Jankowiak. Private employers appear even less impressed with the proposals. Either today or on Thursday the Poli sh Confederation of Private Employers will file its protest to the Constitut ional Tribunal against the proposed tax reform. According to them, some of t he propositions conflict with the Constitution and might threaten the econom y. (Puls Biznesu, pp. 1, 5; www.onet.pl) M.M.