Poland's 2006 revenue from privatization will drop

Treasury minister Wojciech Jasinski has estimated state revenue from privatization in 2006 to reach 3.1 billion zlotys.

This would run considerably short of the 5.5 billion envisaged in this year's national budget. Reporting to the House, minister Jasinski said the deficit could be covered by dividends from state owned companies.

He explained that the substantial fall in expected revenue has resulted mainly from a temporary withdrawal from the sale of several companies in the energy sector. Minister Jasinski asked MPs for supporting a new strategy of state ownership which his ministry is working on. It should secure state revenue from privatization to the tune of 3 to 4 billion zlotys annually over the next years, assured the Treasury minister.

Source: Radio Polonia