'When we win'
Financial markets have assumed that with polls due in late September or October, the new government will have no time to prepare its own budget bill and will be forced to take up whatever the ruling left leaves, possibly amending it later on.
However, Civic Platform (PO) leader Jan Rokita, who is widely expected to become Prime Minister after the elections, said his party wanted to cut spending by zł.20 billion and guarantee no tax increases, which the present draft could not deliver.
"If we took power in November, we would seriously consider a provisional budget so that at least we could reverse the tax increases which we suspect would be included in the budget bill and to have fiscal adjustment of at least zł.20 billion, meaning a few percent of GDP," Rokita said.
He also repeated his concerns over potential appreciation of the Polish currency once the new government begins to implement fiscal reforms, saying he would seek cooperation with the central bank to prevent excessive gains of the złoty.
"Together with the National Bank of Poland, in such a situation we will seek ... to take steps to disable excessive złoty appreciation," he said.
The current minority left government is now working on the 2006 draft, due to be submitted to parliament by the end of September. Finance Minister Mirosław Gronicki has said he will propose to cut the deficit to zł.30 billion, or about three percent of gross domestic product, from zł.35 billion earmarked for this year. (Reuters)
However, Civic Platform (PO) leader Jan Rokita, who is widely expected to become Prime Minister after the elections, said his party wanted to cut spending by zł.20 billion and guarantee no tax increases, which the present draft could not deliver.
"If we took power in November, we would seriously consider a provisional budget so that at least we could reverse the tax increases which we suspect would be included in the budget bill and to have fiscal adjustment of at least zł.20 billion, meaning a few percent of GDP," Rokita said.
He also repeated his concerns over potential appreciation of the Polish currency once the new government begins to implement fiscal reforms, saying he would seek cooperation with the central bank to prevent excessive gains of the złoty.
"Together with the National Bank of Poland, in such a situation we will seek ... to take steps to disable excessive złoty appreciation," he said.
The current minority left government is now working on the 2006 draft, due to be submitted to parliament by the end of September. Finance Minister Mirosław Gronicki has said he will propose to cut the deficit to zł.30 billion, or about three percent of gross domestic product, from zł.35 billion earmarked for this year. (Reuters)
