Today, the President and Prime Minister presented a general outline of the crisis shield package. The government is to allocate a record amount to countering the effects of the coronavirus pandemic 212,000,000,000 PLN. The individual entries of the package will now be implemented at an express pace into the laws.
Package includes 5 parts: employee safety, business finance, health care, strengthening the financial system and public investment programme.
Pillar of job defense, wherever possible. Protection package for citizens
- It can be said that these are protective measures for the labour market, so that the employee, employer, entrepreneur, but also the state participate, participate in the protection of jobs – explained Morawiecki. – For entrepreneurs who meet the criteria related to a decrease in turnover, registration of a financial loss, the State will be able to cover 40% remuneration up to average remuneration in the national economy. second 40% cover the employer, at least second 40%, Because it depends on the financial possibilities, they might want to cover more. That's how I'm convinced a couple one million persons, maybe three, may four one million people will be safer in the labour market. Also for those who do business, they are self-employed or working for a contract or work we want to propose a buffer... We will have the opportunity for them to pay the funds to 80% minimum remuneration. Also a care allowance, which is now available to those who care for children up to the age of 8 – If there is such a decision to continue the closure of schools, kindergartens, nursery schools – it is not yet there, but if there is – then we will receive another welfare allowance two weeks were extended. This is 3 to 4,000,000,000 PLN from the state budget, de facto from the social security fund.
In the coming days the arrangements will be implemented into the directional laws
The government will also propose a prolongation of credit instalments and media charges, in consultation with companies that provide such services. A similar agreement was reached with the banking sector. The consumer protection authority is to ensure that prices of products and services are kept under review.
Pillar of support for entrepreneurs
second The pillar is a pillar for entrepreneurs. Credit guarantees, liquidity, micro-loans for entrepreneurs up to 5,000 PLN, operational leasing for the transport sector. A number of solutions of a guarantee and liquidity nature, provided by the Polish Development Fund, Bank Gospodarstwa Krajowego, Agencies for Industrial Development – institutions to stimulate economic growth, today will absorb the inevitable decline
Pillar of health support with additional 7,000,000,000 PLN
- third The pillar is support for health care, said the Prime Minister. – Here we want to allocate at least 7,500,000,000 PLN additional resources for single-named Infectious Hospitals, protective materials, any other medical equipment, apparatus that is necessary in the fight against coronavirus, but also in the upgrading of the entire hospital base, the entire base of basic health care units.
Pillar strengthening the financial system
Pillar to ensure the security of funds, deposits, deposits, deposits, payments, payments, that is, the operation of the entire financial system.
We remember the year perfectly Directive 2008/2009 – Then the whole world shook its positions precisely because financial security in many countries was devastated and then the central banks entered this place and the actions of governments entered – Morawiecki said.
“We do not wait until this happens, only today, in agreement with the National Bank of Poland, the Financial Supervision Commission has proposed a liquidity package as a protection of our deposit funds, for example, that there is money in ATMs.
Pillar of public investment
- fifth The “crisis shield” pillar is a pillar of public investment. We want to use a classic investment impulse on the state side and we are building a fund that will at least amount to 30,000,000,000 PLN for self-government roads, digitization, environmental protection, modernisation of schools and hospitals (...) These measures are independent of European funds," added the Prime Minister.
In the coming days, the arrangements will be implemented into directional laws.
The speech of the President and Prime Minister can be viewed on Twitter by the Chancellery of the Prime Minister https://twitter.com/PremierRP and on Facebook https://www.facebook.com/kancelaria.premiera/
Author: Katarzyna Kołbuś
Editor leading RB Magazine. From Over 10 years related to industry press, including the Financial Gazette and portal ipip.com.pl, which is devoted to finance, taxation, law, politics and the economy. She graduated from Polish philology at the UMCS and the linguistic text editing at the University of Warsaw