starts a new window funds. Will the government be took the floor on this issue? And somehow encouraged Poles to make a decision?
No, the government does not encourage. Poles themselves draw conclusions and take an appropriate decision. For sure we will not make any compulsory taking money from OFE, as did our predecessors. But actually insured should be thoroughly informed about the real consequences of membership in the pension funds. Good would be at the calculator, which clearly would show how much of a contribution goes to the OFE management and other fees, and how much is set aside for retirement and what is the potential return. That would be the best solution.
Does the government have a plan for the second pillar of the pension system?
At the moment there are no new ideas. In particular, there is an idea for the acquisition of assets. I will definitely opposed to it.
What postulate allow the insured to choose a full, or decide what assets already collected by the pension funds? Such proposals PiS reported during the election campaign.
If you would support any changes, it is in this form. This is our proposal software, but formally the Ministry of Family, Labour and Social Policy has not yet reported such a project. I do not know if working on it, but I would recommend to such a solution.
But such a transfer of assets resulting from the choice could create a serious problem for the stock market. Perhaps before you need to change the investment policy of open pension funds, freeing them from the stock exchange.
OFE pulls down not only the stock market, but also a systematic copy of the commission for the PTE. We should think about another reduction in management fees. Previous government began to reduce the commission on premiums, once this part of the commission began to be less important on the part of the commission of the capital. Personally, I’d go further in these cuts. What to choose – the most important help to improve insured, so they can consciously make a decision. Just like in the case of lowering the retirement age: everyone should know what the consequences will take early retirement. In this situation, you need to be fully aware of.
What will be the government’s position on the presidential draft law lowering the retirement age?
The government is positive. The problem is that different environmental report amendments to it, eg. The introduction of an additional condition of seniority. And it would be very costly, apart from the fact that it is unfair. We are currently in discussions on the subject.
Launch the program “Family 500 plus.” Whether the administration is prepared to payments from the operational side?
I do not expect major problems. The more that we have a large margin of safety, they are up to three months. I understand that someone may feel disappointed not to get the money on April 3, but you can not exaggerate the situation. If you get several days later, then nothing will change.
When will commence payment?
The law specifies that requests should be dealt with by the end of June. Which means that payments will be in July. Although of course it would be better if governments solved it this way, that the conclusions adopted in April, the money would be paid at the end of April.
There will be some tensions liquidity in the central budget?
No, the budget situation is excellent. The deficit after two months is about three billion dollars. A year ago, it was more than 11 billion zł.
Are not you afraid that the number of beneficiaries, however, is undervalued? And the cost of the program will be higher than assumed?
There are large discrepancies between registration data and census information. Table is from 2010. So this information can be partly outdated. We are aware that there is the likelihood of some inaccuracies, but after three months we have to be sure. I rather zakładałbym overestimation of the number of children, because the inventory showed that in relation to the registration data is much less us.
Do you have concerns about next year? Tensions in the budget will be higher than this year.
For now, we have good results of this year’s budget. These higher revenues …
receipts in February of VAT was 10 percent. lower than a year ago.
But cumulatively for the two months the results were very good. We even before the introduction of laws that tighten the tax regime and increase income. The parliament is already a draft introductory clause avoidance – it can work. Other projects are consulted.
For example, the central register of invoices?
He, unfortunately, this year still does not fully work.
to what are these other specific projects that came out of the Ministry of Finance?
For now, there are two – the introduction of a limit cash transactions in the amount of 15 thousand. zł and a clause avoidance.
When will begin sealing system of tax in the full version?
I think that in 2017. Surely it requires a mobilization of the entire government and especially the Ministry of Finance.
what has to rely seal?
the core idea is to control the large VAT refunds and stopping all suspicious sums before the money will be returned . Thus, eg. The idea to increase the lump sum VAT, so as not to deal with small change, from which it is only incomplete percent of the revenue from the tax. Today, half the effort treasury services is aimed precisely at this type of business. It is better to organize these services, would have been able to in the case of suspected fraud to prevent the return of VAT, when it comes to larger sums.
How much will get from these activities budget next year?
I think including VAT and CIT should be 15 billion zł, so that we can pospinać all the expenses.
so beyond a year-round activity program 500+ what?
Among other things, lowered the retirement age and the amount of tax-free.
So the course for the introduction of these two changes from 1 January 2017. is maintained?
Yes, but you have to stipulate that if the second half of this year, it turns out that tax revenues are not growing as fast as we would like, we will not be able to raise the amount of free straight to 8 k. zł and will be forced to spread this for the next few years.
This is provided that at least will be lifted?
For this we can answer the earliest in November. Now we have enough data on budget revenues.
What about the retirement age, it can be in installments?
No, the reduction is not as important for budget in the first years. Next year is about 3 billion zł on the assumption that all eligible to benefit from the possibility of early retirement. I assume that not everyone will want to benefit from this. The research shows that 40 per cent. of respondents say that they want to work longer.
What sales tax?
Difficult question. Everything is almost ready.
But …
There were organizational problems in the Ministry of Finance, he was dismissed deputy minister. I hope that the project will be fast, but I will not be declared deadline, because I did not on this decide.
At the moment, there are two variants: linear with a high amount of free and progressive with two rates and a lower amount , which may have claim Brussels. The Lord is for the option?
I am for this to risk the introduction of progression, although I understand ongoing concerns.
But do if you enter this tax, it does not turn out, it peel for layette that the proceeds will be so low that the whole effort of trying to stop the arrangements to pay off. Maybe the money better download in a different way?
Maybe, but we keep our word, we announced a tax on trade and it introduce.
But it had to be from the surface ?
Our feature is that you can listen to other people, it was particularly evident during the consultation. Traders were in favor of tax according to the criterion of turnover, and not the surface. For the fulfillment of this promise will give revenue to the budget allows finance other promises.
What’s another promise made by the President, or the law of the Franks?
With this Act it is a bigger problem by the fact that the KNF has provided very general knowledge, which we can not verify. We would like to have accurate information how many people took loans in given years and after which the course. Then you can plan ahead. Today we have only collected the banks’ responses to the questionnaire provided by the Financial Supervision Authority and we are not sure if the banks do not overestimated the effects.
But NBP estimates were also high.
Yes, but 70 billion zł, and 40 billion is a big difference. In such a situation, aid we can discuss how we will have a precise knowledge. You can not introduce a bill that would charge in one of the banks the amount of 40 billion zł, not to mention 70 billion zł. If the effects actually would be so large, as they say NBP and KNF, then you should look for a compromise or distribute the load over time, and today we do not know what we talk about.
So the topic back in the fall, how to change the head of the financial Supervision Authority?
No, the current head should provide more accurate information.
Speaking of personnel changes: ended about the possible resignation of the finance minister? Such information media have.
This media wanted him to dismiss such topic in the government was not.
As for next year’s budget or the fulfillment of promises not will that cross the general government deficit above 3 percent. GDP?
A deficit at 3 percent. We will definitely be held, while the convergence program, which envisaged reduction of the deficit in subsequent years, is debatable. On the other hand I can not imagine a deficit above 3 percent. also for political reasons.
So you think you do not know whether we can afford a gradual reduction of the deficit from 2018 r.?
Mam hope we can afford, but what remains to be seen.
A political reasons why we can not afford to exceed 3 percent. deficit?
The atmosphere that produced against Polish EU is unfavorable. Parliamentary majority in the EU do not like our solutions. Probably we will violate the interests of some multinational corporations, so we can not afford to give any argument. Other countries may have larger deficits, and the no danger, and we will face a lot more, because we are not treated equally.
So the European Commission’s approach to us will be more restrictive, but if it does not effect dispute the Constitutional Court?
No. It’s just an excuse. If it was not the court, it would be something else, eg. Tax from the shops. If we want to lead independent policy, we will be criticized for this, as it is now.
Only so can we construct a budget that can accommodate spending on a full program of 500+, free amount and the lowering of the age, and deficit will not exceed 3 percent. GDP?
Yes, and just so we are going to construct the budget.
Mrs. Prime Minister in an interview with the DGP said that consideration is the tax card, which would be a combination of PIT and contributions to the National Health Fund and Social Security.
It takes a comprehensive discussion on incentives, the tax system. After all, it takes the discourse on the budget financing of health care. It’s an opportunity this year to dedicate a variety of analysis, and that is what we are doing. For now, I can not talk about something that is at the conceptual stage, but actually different variants are considered. If we talk about the amount of tax-free or budget financing health care, on which tax-free amount clearly also has an effect, it is a very good reason to the idea of the personal tax – so let’s call it – to be addressed.
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