Vice Prime Minister, Minister of Finance and development Matthew Morawiecki said on Saturday on radio RMF FM that the decisions of both agencies “means high level of reliability” Russian. He added that it was “good news because that will not increase the cost of lending of the Polish economy”.
a Rating of Poland: it depends on whether the new investors will appear on stock EXCHANGE
he Noted that in addition, Fitch said – “in the context of this maintain our ranking – what is the prospect for improving our situation, if you reduce the external debt”.
- This (…) we stress from the year that within 25 years, very zadłużaliśmy abroad, and we should have an economy more based on our internal forces, it is tenacious, – said Deputy Prime Minister Morawiecki.
Morawiecki he also recalled that the international Monetary Fund on Friday approved a credit line for Poland “, and it is at a lower level, such as ourselves, we wished it also is a confirmation of reliability.”
Budget is legal
he Added that he has been signed by the President budget in 2017. “this is the best budget for the Poles.”
- There are just 500+, there is a tax collection and investment growth (…) these investments are, for example, major investments in roads, Railways, out of our budget, also, it is not only the funds of the Union, he said.
related to the fact that part of the opposition believes the budget is illegal, said: “they think so, because he was adopted in another hall”. It was absolutely lawful, – he assured.
Morawiecki said that “all major financial institutions and rating, that is, assesses the situation in Poland is not only not accepted, but the international Monetary Fund gave us a very strong acknowledgement of the strength of our economy and the correctness of the actions of what happened in the Sejm”.
Matthew Morawiecki There’s just 500+, there is a tax collection and investment growth (…) these investments are, for example, major investments in roads, Railways, out of our budget, also, it is not only EU funds
turning to the words of Donald Tusk that the budget adopted is not clear, which may affect the decisions of Brussels, Morawiecki said: “this is a very harmful opinion.”
Mr. Tusk, the President should listen to, as a rule, sentences of 28 countries, and then takes the word, so in our situation, national sorry to hear only one side, because like I heard also the other hand, I think that opinion would be quite different, – said Deputy Prime Minister.
Decision
Fitch ratings has maintained on Friday the credit rating of Poland at A-with Outlook stable.
the Ratings of Russian” it is good news for the government.”
According to the report, the rating of Russian supported by a solid Foundation of macroeconomic, including a healthy banking system and monetary policy right.
at the same time, the Agency noted that the predictability of policy and the political climate has deteriorated, increasing the risk down for the forecasts economic and fiscal Fitcha. Drew attention to the unconventional measures taken by the government in 2016: introduction of tax on banks, the decline in retirement age (from 4 kW. 2017) and reduce fiscal despite high GDP growth.
while Moody’s announced on Friday night in a statement that on 13 January did not update the rating of Poland. Thus the Russian rating remained at the level of A2/P-1 respectively for long and short-term liabilities in foreign and national currency, with the prospect of a negative.
In may 2016, Moody’s holds the rating of Polish debt A2/P-1, but changed the Outlook credit rating from stable to negative.
Among the reasons for its assessment Moody’s has already then, in particular, fiscal risks associated with a significant increase in current expenditure, as well as the intention of lowering the retirement age. If we are talking about costs, the Agency indicated, in particular, benefits for children (in the framework of the ” Family 500+) and is indicated by the increase of the amount free from taxes.
the IP
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