Finance Ministry reports on fulfillment of budget plan

In H1 2006 the revenues from taxes amounted to zl.83.1 billion, including zl.41 billion from VAT and zl.20 billion from excise duty. The budget earned zl.9 billion from corporate tax (CIT) and zl.12.2 billion from personal income tax (PIT). Most analysts believe there is no reason to be concerned. "The revenues are indeed below the assumed plan and the dynamics of GDP. The annual plan may not be fulfilled. I estimate that zl.2 or 3 billion from taxes may be lacking by the end of the year. But there are no reasons to be alarmed. All indications are that the deficit will be compensated by higher revenues from dividends from state-owned enterprises," commented Janusz Jankowiak, the chief economist with the Polish Business Council. (Puls Biznesu, pp. 1, 6) E.B.