Government to present budget amendment in January; 2000 deficit down
The government plans to present in January an amendment to next years'
budget draft, as politicians from all parties charge that revenue
expectations in the draft are unreasonably high. Even deputies from
Finance Minister Jaroslaw Bauc's own political alliance, the Solidarity
Election Action (AWS), have reservations about the bill. Andrzej Woznicki
from AWS said that there are no grounds to forecast revenues from VAT tax
at zl.62.3 billion, and personal income taxes are also unlikely to yield
zl.25.7 billion. Finance Minister Jaroslaw Bauc said that the projected
growth in tax revenues will be a consequence of the growth of industry and
changes in tax regulations. The Ministry also hopes the situation will
improve as the solvency of the mining sector and Polish State Railways
(PKP) increases. In related news, the head of Finance Ministry budget
department, Elzbieta Suchocka, said that the budget deficit decreased in
November and possibly will not exceed the planned zl.15.4 billion at the
end of the year. (Rzeczpospolita, p.B1) J.K.