Oil and gas sale to fuel government figures
The government is currently preparing several projects to be executed through the Warsaw Stock Exchange next year. The largest privatizations planned for 2005 include Polmos Białystok, Enea, Elektrownia Kozienice, Grupa Lotos, Puławy Nitrogen Plants, PGNiG and Ciech.
More than zł.300 million rolled into the treasury's coffers in October, mainly due to the sale of WSiP stocks.
By October 27 the treasury had received just zł.2.1 million from privatization. But one day later, following the sale of shares in the educational book publisher, the gross income had rocketed to zł.300 million.
The ministry is looking to raise a total of zł.6.5 billion to fund this year's financial plan. The bulk of this (zł.5-6 billion) will come from the public sale of PKO BP shares. However, even if the shares are sold at the highest possible price there may still be a zł.1.5 billion hole in the budget.
If the government is faced with a major shortfall it may have to resort to speeding up the sale of 85 percent of the shares in Zespół Elektrociepłowni Łódzkich, which are worth at least zł.700 million.
The government's prognosis for 2004 (zł.8.83 billion gross income from privatization, of which zł.7 billion would be directed towards budget commitments) seems optimistic in comparison with results for 2003 and plans for next year.
More than zł.300 million rolled into the treasury's coffers in October, mainly due to the sale of WSiP stocks.
By October 27 the treasury had received just zł.2.1 million from privatization. But one day later, following the sale of shares in the educational book publisher, the gross income had rocketed to zł.300 million.
The ministry is looking to raise a total of zł.6.5 billion to fund this year's financial plan. The bulk of this (zł.5-6 billion) will come from the public sale of PKO BP shares. However, even if the shares are sold at the highest possible price there may still be a zł.1.5 billion hole in the budget.
If the government is faced with a major shortfall it may have to resort to speeding up the sale of 85 percent of the shares in Zespół Elektrociepłowni Łódzkich, which are worth at least zł.700 million.
The government's prognosis for 2004 (zł.8.83 billion gross income from privatization, of which zł.7 billion would be directed towards budget commitments) seems optimistic in comparison with results for 2003 and plans for next year.
