The potential of the „Morawiecki’s plan” and the dangers linked to its realization were the main topics of a seminar attended by Viceminister of Development Jerzy Kwieciński, as well as representatives of financial and capital markets, experts and officials, organized by Employers of Poland.
– It is a business plan of sorts for the next few years. Much of it is based simply on better organization – said Jerzy Kwieciński in his opening speech. He explained that as far as financing is concerned, the government counts on the private sector, particularly on the public-private partnership, as well as stronger tendencies for long-term savings among Poles.
Participants agreed that although the diagnosis of Poland current economic condition in the plan is appropriate, the financing mechanisms cause many uncertainties and questions. The key issue is not the source of capital, but rather the ways of encouraging capital owners to get involved in carrying out the plan.
– The plan is cohesive and leaves a good impression, but there are also external factors at play, which is where doubts appear – said Mieczysław Groszek, Deputy Chairman of the Polish Banks Association. – What I have in mind is the trust of those who are to be mobilized to participate: when it comes to the banking sector, the signals are bad – he explained and referred to the bank tax and the so-called “franc act”.
Maciej Stańczuk, Chief Economist and Vicepresident of Employers of Poland focused on the need to change the approach of public administration. – It is afflicted with a systemic inability to take risks. However, this is absolutely key for the plan’s success. In business sometimes you make bad decisions too – Stańczuk stressed.
The problem of encouraging citizens to save in the III pillar, which could be a source of financing for investments, was also addressed. However, the dismantling of the III pillar by the previous government is still fresh in the memory, presenting an obstacle to those efforts.
The debate did not exhaust all topics, so a willingness to continue it was declared. – The main question we are trying to answer here concerns the ways of mobilizing capital: in banks, companies and people’s pockets – Vicepresident of Employers of Poland Piotr Kamiński told the Employers of Poland News Agency. – If the capital is there, it has to be spent on good investments. This is the crux of the issue – Kamiński concluded.