Monetary Policy Council predicts significantly lower deficit for 1998

Grabowski stated that in the second half of 1998, budget income will rise, eventually lowering the deficit. The predicted increased income is to result from the privatization of large state-owned companies such as Telekomunikacja Polska SA (TPSA), whose privatization is slated for the end of 1998. "The increased income from the taxes will also lower the deficit in the second half", said Grabowski. (Rzeczpospolita, page 7)