National Bank chairman calls 2007 budget "reckless"

This is a budget of recklessness and opportunism," he added. Next year's budget will include zl.242.4 billion of expenditures, zl.16.6 billion more than this year. "We are spending a lot but this money is consumed,"claims PricewaterhouseCoopers economist, Witold Orlowski, "A politician would say this is a good thing because people have money for consumption, for an economist this is bad, as in order for the economy to develop, some investments are needed. Meanwhile, 90% of our expenditures are consumption expenditures. There is a lack of funds of research on science, education, reforms in the health sector. There is hardly enough funds for financing EU projects." (Gazeta Wyborcza, p. 28) A.K.