Bloomberg News

Polish Central Bank Profit to ‘Significantly’ Boost Budget

January 26, 2012

Jan. 26 (Bloomberg) -- The Polish central bank’s profit will “significantly” boost the government’s budget revenue this year, according to policy maker Andrzej Kazmierczak.

The contribution will be “high,” Kazmierczak said in an interview in Warsaw yesterday. He declined to estimate the size of the profit, which is almost entirely transferred to the state budget.

The central bank may contribute as much as 9 billion zloty ($2.8 billion) to this year’s budget, Dariusz Rosati, the chairman of parliament’s public finance committee, said on Dec. 14. The lower house of the legislature will vote on the 2012 budget bill starting at 10:30 a.m. in Warsaw tomorrow.

--Editors: Balazs Penz, Alan Crosby

To contact the reporter on this story: Dorota Bartyzel in Warsaw at dbartyzel@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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