The Treasury might privatize more of its largest banking asset, PKO Bank Polski, and Polish insurance giant, PZU, as part of the government's state financing plan for 2010-2013.

This has been proposed as an alternative to tax hikes on personal and corporate income tax. The Treasury currently holds a 40.99 percent stake in PKO BP, worth zł.20.4 billion, while the state's 45 percent share in PZU is worth about zł.15 billion.

According to Parkiet the privatizations could inject zł.20-25 billion into the budget. The new financing plan has been a top story in the Polish media recently. It will be discussed by the government on Friday.

Poland AM