Wednesday, April 27, 2016

Long-term Financial Plan: real, but with many doubts – Polish Radio

Guests Pulse of Economy Polish Radio 24 were, from left: Peter Soroczyński, Chief Economist of Export Credit Insurance Corporation; Maryjka Szurowska, economic journalist of Gazeta Banking; economist Marek Zuber. Photo: Polish Radio

Guests broadcast Pulse of Economy Polish Radio 24 commented today saying Prime Minister Beaty Szydło in Signals Day, which flatly denied assumptions that the lack of money the government will reach the funds collected in the Demographic Reserve Fund.

“Quilt” will be too short, but miss her elsewhere not on the program of 500 +

According to Peter Soroczyńskiego, Chief Economist of Export Credit Insurance Corporation, may occur in the future the problem of “too short quilts,” but it will not concern the program 500+ Family .

it reminds that we are talking about big money – several billion zlotys this year, and about two dozen in the years to come.

̶ But on the other hand, this does not mean that it is not unrealistic generate these funds in the budget. Most will require a diversion of funds from other places and to concentrate them in this program – says economist.


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0:33 [i] 03/31/16 pulse Soroczyński _11684893_2016-03-31T12-13-40.000.mp3 Peter Soroczyński: speaking, that run out of money for the program 500+ is over-interpretation, most “quilt” will be elsewhere too short.

The most important source of financing will be sealed tax system

the most important source of funding for the program Family 500+ in the coming years will be tight tax system and high recoverability of VAT – emphasizes economist Marek Zuber.

Larger inflows by computerization and the tightening of fiscal control

as the same time stresses do not know what will succeed the government on this issue done and now there are only two areas so that tax money should be more.

̶ first is the computerization, of the Ministry of finance says very clearly, and to increase and tightening of fiscal control – lists economist.


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1:26 [i] 03/31/16. zuber_11684916_2016-03-31T12-13-40.000.mp3 Marek Zuber: more we know the wheel of the third quarter, because then we will see the first effects of the program and find out more about the activities of tax Ministry of Finance.

As the same time stresses, does not know that this will bring results, but looking at the example of Portugal and Slovakia, that these countries managed to improve tax collection by 15-20 percent.

Sealing taxes could bring 15 billion zł

̶ If you believe the Ministry of Finance, speaking that last year, not pulled approx. 80 billion zł, to improve the collection should bring approx. 15 billion zł. If we add to this the bank tax, it is a chance to finance the program 500+ Family – says Zuber.

Szałamacha dampens the enthusiasm to spend money

In his today an interview with Prime Minister Beata Szydło also said that the introduction of one of the election promises of the Law and Justice which was to reduce the tax-free amount will be implemented gradually. First, this amount will be reduced for those with the lowest incomes.

According to Maryjki Szurowski, journalist economic Gazeta Bankowa fact that the government wants to pursue its promises gradually, spreading them while looking at the implications for the budget, is the stability of public finances .


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0:33 [i] 03/31/16. szurowska_11684955_2016-03-31T12-13-40.000.mp3 Maryjka Szurowska: Well, the minister Szałamacha acts like a bucket of cold water.

̶ Well, that minister Szałamacha acts like a bucket of cold water on all the ideas. You can see that very rational approaches to this, which was also reflected in the design of the Act shipyard – says journalist.

Robert Lidke, jk

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