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Public finances act expected this week amid criticism

"This bill will be much more complex, more radical, in my opinion much better and... it will bring about lower savings than quoted by my predecessor," said the Finance Minister Jan Vincent-Rostowski. He stressed that the zł.10 billion mentioned by his predecessor Zyta Gilowska was in fact a 'fiction'.

According to the minister, new regulations will have no clear effect on the 2009 budget, while their influence on state finances will be visible in the long-run. But according to Parkiet, numerous concepts in the bill resemble projects proposed by Law and Justice (PiS) last year.

Vincent-Rostowski said that the budget assumptions of zł.18.2 billion deficit should not be altered despite a correction of macro-economic forecasts by the Finance Ministry. He also stressed that until the dispute over whether the constitution bans adapting Euro is resolved, the country will not join the ERM2 mechanism. The Finance Minister also claimed that President Lech Kaczyński is "blocking the modernization of the country".

Source: Parkiet (M.M.)

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