Polish Briefing 19 March, 2020 9:00 am   
Editorial staff

Polish Briefing: Poland will create an economy stimulation fund

What goes on in Poland on the 19th of March.

Poland will create an economy stimulation fund

The Prime Minister announced that the government will create a fund worth PLN 30 billion to stimulate the economy in order to anticipate a possible economic slowdown in Poland. It will co-finance, among others, energy transition and environmental protection.

Prime Minister Mateusz Morawiecki announced that the new fund is to stimulate the economy during the economic slowdown. This idea is based on the experience of a hundred years of business cycle changes. Morawiecki assured that the funds will come entirely from the Polish budget under the fifth pillar of the so-called anti-crisis shield assuming financial investments.

– In a situation where a crisis occurs, maybe even a recession or an economic slowdown in the European Union and Poland, then private investment is carried out very much in a lesser extent. Instead, we want to use the classic investment impulse on the state side. We will build a fund worth at least PLN 30 billion – declared the prime minister. He mentioned energy transition and environmental protection among its spending goals. – The fund will be used to strengthen expenditure on local government roads, digitization, modernization of schools, energy transition, environmental protection, and reconstruction of various elements of the entire state infrastructure, energy, telecommunications, internet and road. These are independent of European funds.