Finance Minister urges amendment acceptance to bring market stability

Finance Minister Jaroslaw Bauc urged parliament yesterday to approve amendments to this year's budget to prevent a resurgence of recent volatility on the financial markets. Addressing the Sejm, he said, "The budget revision makes the deficit more realistic and calms market concerns. But to avoid the same situation in the future, we need structural reforms in the public sector." Deputies will probably take a final vote next week on the government's proposal to raise the deficit target to zl.29.1 billion from zl.20.5 billion. That would mean the budget revision taking effect next month, before the general election in September. (Reuters)