Hausner talks tough on raising revenues from privatization

In the past three years privatization revenues have repeatedly fallen far short of targets set. "This time around there is no more kidding, without zł. 8.8 billion we will not be able to keep the debt under 55% of GDP," he added. Hausner stressed that maintaining the debt under control is his most important objective for the coming 12 months. If this debt threshold is breached, massive spending cuts would have to be implemented in 2006. In order to prevent this from happening, Hausner declared that the 2004 zł. 45 billion budget deficit accepted by Parliament would be trimmed by another zł. 3 billion. (Gazeta Wyborcza, p. 24)T.J.