Finance Ministry to slash spending by zl.3.8 billion to keep deficit in check

The Finance Ministry will have to cut budget spending by zl.3.8 billion in order to maintain the forecasted deficit of zl.15.4 billion due to lower than expected revenues from taxes. The Ministry will collect zl 4.5 billion less in taxes, with most of the gap coming from personal income taxes. Only thanks to higher than expected revenues from customs duties the gap is equal to zl 3.8 billion, rather then the zl.4.5 billion. Deputy Finance Minister Halina Wasilewska-Trenkner said the Ministry will have to cut just about all non-fixed expenditures, but she would not name any particular categories. (Rzeczpospolita, p.B1)