REKLAMA

Government unsure how to use the money from selling the UMTS licenses

2001-01-08 00:00
publikacja
2001-01-08 00:00

Government unsure how to use the money from selling the UMTS licenses

The government, which is expected to present a self-amendment to the 2001 budget bill in mid-January, is still unsure if the revenue from selling UMTS licenses will be used for additional spending or for cutting the budget deficit. Until now, Finance Minister Jaroslaw Bauc has been repeatedly saying that in the revised version of the budget, the EUR 750mn expected from UMTS licenses would be used for lowering the budget deficit planned at PLN 21.7bn (USD 5.32bn), or 2.7% of GDP, according to the wish of the central bank. However, some politicians at the Sejm's public finance committee have recently said the money could be used for additional spending on education.

Źródło:IntelliNews Daily
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