Poland Tackles Deficit With Privatization.

WSJOURNAL/
Poland's government, faced with a 2010 budget likely to include a ballooning deficit and heavy borrowing, is proceeding with an ambitious privatization plans. President Lech Kaczynski opposes both tax increases and deep spending cuts, and his term doesn't run out until 2011.

Poland Approves Asset Sale To Lower Deficit.

Bloomberg.

Poland will sell stakes in state-owned companies including KGHM Polska Miedz SA and Grupa Lotos SA to finance its budget deficit after tax revenue slumped and public debt soared.

“The plan acknowledges the need to speed up privatization,” said Prime Minister Donald Tusk. The budget “requires a cash injection to cover basic spending.”