The Polish Government has Lost Control of The Country’s Debt

Polish government in twentytwo years (1999-2021) indebted Poland to the amount that corresponds to the debts of 40 years of the operation of the communist Polish (1950-1990). Currently, Poland’s debt is 1,5 Bilion PLN and it is the highest in the history of this country. This is a unique record in such a short time and is the effect of financial policies of the current authorities.

The concept of debt of state it is a very complex economic phenomenon. It is usually given a percentage value to GDP, i.e. it is debt to income which the whole state produced in a given year. There are different methods of calculating this debt from political, by banking to economic. It is mainly talking about public debt, but for many years nobody knew exactly what the real debt of a given country is. The authorities concealed debt, having their own electoral method of its calculation and avoiding many burdening components spoiling the image of the budget.

In Poland it was common practice. Constitutionally has a debt border of 67% of GDP, which is quite high. The Polish government has always tried not to exceed this indebtedness value, ensuring stability, although we do not know if the threshold of 67% of GDP is safe in itself? Lack of confidence in government assurance and forecasts forced many independent economists to make the effort to calculate the real debts of Poland. There were other values ​​and even those that were over 300% of GDP. So the Polish government on the debt of the state hides too much.

In 2008, a model standard of SNA International Accounts System was created, and in 2010 a system in ESA has been harmonized. It is worth noting that the work on standards lasted a dozen or so years and many countries still do not want to rely on their debt calculations. And this is important as a valid comparative index for investors. It is difficult to say about the Polish position in this matter. For this, officials of the minister of finance of the unit responsible for debt in Poland, inform me that there are “public information regulations”, which must be faithful and public information in Poland is what the Polish Government considers for information. So this is a conscious manipulation of the knowledge of society.

I tried to find out who was a creditor so huge debt? In response from the Ministry of Finance, I received data indicating that 1% debt is aid measures from EU organizations. When I drew the Ministry of Finnings, it’s only 1% of debt and how to explain 99%? The Polish Ministry of Finance appealed to the recipe for “public information” and that you dear readers can not know that as well as can not know Polish citizens. The Minister of Finance in Poland from 2019 is Tadeusz Kośniński a man who hides too much and this historic debt record fell.

Debt is not only bank loans for investment purposes. One of the public debt components is a commitment to pensioners. In Poland Demographically the most numerous social group is the generation of old people. In Poland Demographically the most numerous social group is the generation of old people. Pensioners are quite a large load for the finances of the state, which rescues the extension of the retirement age or age in which a person can retire. It is known that for such a debt Polish government, it’s best to make people just after retiring immediately without taking due benefits. Death of creditors is a discontinued debt. It is very inhumanitarian. You can lower the amount of pensions and this is the most common practice in Poland.

In enterprises, the key to success is to maintain income and dynamics of enterprises when reducing costs and workplaces. Similar principles apply to the state to be aimed at a modern and economical economy with a decreasing demograph of society. Meanwhile, the Polish government runs a campaign to increase the population and import employees from abroad. He gains on income and pensioners but increases the commitment in the future to pensioners. But this is not Marti, because then someone else will be ruling and repairing the consequences of bravades present authorities.

Poland has been the leader of the lack of economic and high and unnecessary costs for years. The Polish government does everything in its power to do nothing. Patriotism and care for Poles can be seen in such issues as:

  • Tax policy has undergone large, foreign trade corporations.
  • Maintaining excessively overgrown public administration (cumbersome for enterprises and citizens, that is those who build this state).
  • Thirteenth salaries for public administration, police, judiciary and education (this unfair to employees of the GDP generating sector).
  • Creation of financially privileged social layer from unsuitable judicial officials (releasing judges from which any responsibility for mistakes in the judgments or corruption of favor).
  • Maintaining churches (as a propaganda force tool).
  • Investing in undertakings bringing a loss (funds obtained by corruption, any start-ups assumed only to gain financing).
  • Maintaining unprofitable state-owned enterprises (protection of persons in managing positions, after several presidents in one company).
  • Repayment of debts falling state-owned enterprises (for long years maintained from a loan).
  • Investing in entertainment sport (instead of investing in the development of national technolgia).
  • Increasing the costs of the incompetent Polish government (the current government is the most accompanied in history. Senior life of parliamentarians and organizing collective trips including breaking aircraft).
  • A large export of money for consumption of produts which it is not profitable to produce in the country (persecution of production for its non-ecological character. Addiction of consumption from agricultural markets).
  • Weakening of the zloty through price increases the aim of VAT revenues (inflation and killing the costs of small economic investments).

The height of Poland’s debt has a very important laid not only for investors but also for citizens. Signals state instability and upcoming tax terror. Long should be repaid. If necessary, the government is ready to reach for coercive means to rob citizens. This should cool the enthusiasm of investors and to sensitize Poles to chase the future in countries with a better perspective. It is only surprising to absolute indifference to most Poles and a very low political consciousness on a lie. On the part of the government, the lack of consequences in the struggle for post-war claims from Germany and Russia for many years of Poland.

The Polish government does not care about debt. Deals taxpayers money as they would have their own. On the occasion of exceeding Dugu in the amount bilion PLN, parliamentarians raised their salary almost by 100%. It is an absolute mockery from Polish society and a signal of completely suggesting responsibility for the condition of the country. (Brux)

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BRUXnews
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