Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Polish Central Bank’s Budget Contribution to Exceed Plan

April 6 (Bloomberg) -- Poland’s central bank posted net income of 6.5 billion zloty ($2.3 billion) last year and will transfer 95 percent of it to this year’s central government budget, the bank said in an e-mailed statement today.

The budget had called for a payment of 1.7 billion zloty from the Warsaw-based bank, the Rzeczpospolita newspaper said earlier when it reported the figure.

The money gained by the government will be “only and exclusively earmarked to reduce public debt and the deficit,” PAP newswire cited Finance Minister Jacek Rostowski as saying today. It will lower Poland’s borrowing needs by 4.5 billion zloty this year, PAP reported, quoting Deputy Finance Minister Dominik Radziwill.

To contact the reporters on this story: Nathaniel Espino in Warsaw nespino@bloomberg.net Katya Andrusz in Warsaw at kandrusz@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.