State Budget revenues appears to show that 2006 will be a prosperous year

"From a historical perspective it is a very good result. However, we must remember that it is a one-off event. The results in February will not be as good," said Piotr Kalisz, an economist with Bank Handlowy. Budget revenues in January amounted to zł.19.5 billion - 10% of those planned for the whole year. "We can see very good revenues from excise duty (12.7% of the annual plan) and indirect taxes (11.6% of the annual plan)," explained PKO BP economist Remigiusz Grudzień. Expenditures totaled zł.18.7 billion, which is 8.3% of the annual plan. "It demonstrates the discipline of public expenditures. It is also the result of political and formal conditions," stated Grudzień. "The budget is tight, but if the economy remains buoyant, there should be no problems with its implementation," forecasts Jacek Wiśniewski, the chief economist with Raiffeisen Bank. (Puls Biznesu, p. 4; Parkiet, p. 8) E.B.