Plan Morawiecki collides with debt – Puls Biznesu

The statistics are grim. As for the deficit and public debt, no mercy. The ruling in the European Union (EU) are trying to push a lot of expenses from the sector of general government (general government) in order not to increase debt. Over that took place in accordance with the rules of the game, watching Eurostat. She found out about the award the previous ruling team, and now with EU regulations may collide Polish Development Fund (PFR) – flywheel economic strategy of the government. Aroused the interest of Brussels, which wants to know if there is a gate to finance investment without deterioration of budgetary statistics.

– We have received questions from the European Commission (EC), as we see PFR statistics of the deficit and debt of government and self – admits Olga Leszczynska-Luberek, deputy director of the Department of National Accounts in the Central Statistical Office, which will determine whether the fund will be part of the sector.

the statisticians already have experience with this type of entities. Examine activity BGK and predecessor PFR – the company’s Polish Investment and Development (PIR). Recently they passed a general government Agency for Industrial Development.

– In the case of BGK commercial activity in the financial sector, but some activities, such as. The National Road Fund is in the government. We have a recommendation from the European Commission to look at the activities BGK continuously and check whether any of the transactions are not carried out on non-market terms or on behalf of the government. Then we take into account these statistics deficit and debt of the general government – explains Olga Leszczynska-Luberek. It was the same with PIR – in their case GUS carefully analyzed the statute, investment policy and procedures for appointment of the company’s authorities.

– The results of these studies led to the conclusion that it is the entity that controls its own assets, having the opportunity to commit the market self-employed and having an investment policy similar to those applied by the market and the expected rate of return is the same as for private investment funds – says Olga Leszczynska-Luberek.

emphasizes that the PIR were independent of the government. According to the new team PFR is to keep standards predecessor. Statistics already caught fire warning light, when the changes in the National Court, by which PIR become PFR otherwise specified purpose of the fund. Previous company had directly written into the statute that its economic activity is “profit maximization of shareholders.” After the changes to the same point defines the mission of the PFR as “the coordination and implementation of programs to support socio-economic development of Poland.”