Increased NBP revenue to state coffers offset by lowered income estimates

The expected revenue of the National Bank of Poland (NBP) will bring zl. 682 million more to state coffers in 2002 than had been planned by the government when it prepared its budget in November. At that time the government planned this revenue to be zl 1.875 billion. Jacek Krzyslak from the Finance Ministry stated that "Unfortunately this amount will be fully offset by the shortage resulting from lower-than-expected budget revenue from additional fees after changes to the VAT and excise tax." Krzyslak also informed that revenues from an excise tax passed by the Sejm last Friday will be lower because the tax will be effective two months later than planned. According to earlier Finance Ministry calculations, these fees were to bring an additional zl 1.2 billion to the budget, but as of now they will amount to only zl. 0.2 billion. (Prawo i Gospodarka, p. 5; Gazeta Wyborcza, p. 18) P.W.