Privatization proceeds ahead of target
The Finance Ministry confirmed that by last week net receipts available to balance the budget deficit stood at zł.7.46 billion.
The latest figures, achieved in large part thanks to the recent sell-off of a minority stake in bank PKO BP, puts Poland well ahead of its budgeted plan of zł.8.8 billion in gross receipts for 2004.
Those additional receipts recently prompted Deputy Prime Minister Jerzy Hausner to suggest that the 2004 budget deficit could be zł.2 to zł.5 billion below the budgeted plan of zł.43.5 billion.
Poland earned some zł.7.6 billion on the sale of shares in PKO BP and another zł.231 million on the sale of educational book publisher WSiP.
Hausner has gone on record as saying that additional privatization revenues would allow Poland to cut planned debt. (PAP, J.T.)
The latest figures, achieved in large part thanks to the recent sell-off of a minority stake in bank PKO BP, puts Poland well ahead of its budgeted plan of zł.8.8 billion in gross receipts for 2004.
Those additional receipts recently prompted Deputy Prime Minister Jerzy Hausner to suggest that the 2004 budget deficit could be zł.2 to zł.5 billion below the budgeted plan of zł.43.5 billion.
Poland earned some zł.7.6 billion on the sale of shares in PKO BP and another zł.231 million on the sale of educational book publisher WSiP.
Hausner has gone on record as saying that additional privatization revenues would allow Poland to cut planned debt. (PAP, J.T.)
