Finance Ministry has its work cut out to complete budget targets

This is largely due to the lowered inflows from PIT and CIT. As a result, the government needs to speed up borrowing. Since the beginning of the year, the value of bonds issued has amounted to zł.6.8 billion, 15% of the sum planned for the whole year. In the case of T-bills, papers worth some zł.1.7 billion have been offered to investors, which accounts for over 50% of the amount scheduled for 2004, while the budget deficit reached zł.9.4 billion within the first two months, or 20.7 percent of the planned yearly amount, which was slightly better than most analysts had expected. (Rzeczpospolita, p. B2) M.K.