Polish government approves economic plan
PR dla Zagranicy
Roberto Galea
14.02.2017 15:59
The Polish government on Tuesday approved an economic roadmap to inject over PLN 2 trillion into the economy by 2020.
Piotr Gliński (L) and Mateusz Morawiecki (R) addressed a press conference on Tuesday. Photo: PAP/Radek Pietruszka
At a press conference following a Cabinet meeting in Warsaw on Tuesday, deputy Prime Minister Piotr Gliński said that the 316-page document was worked upon for many months, and was consulted by all the ministries involved.
“It was an interesting, difficult, but also very creative work,” Gliński, who chaired the meeting, said.
The roadmap, dubbed the “Morawiecki plan” after Finance and Development Minister Mateusz Morawiecki, foresees more than PLN 2 trillion (EUR 460 billion, USD 490 billion) in investments over the coming years.
The financial sources will include EU funds as well as those of state-owned firms, Morawiecki said last year.
The plan includes an economic roadmap for Poland until 2020, as well as the outlook for the next 10 years. It assumes that per capita income in Poland over this period will reach 80 percent of the average in the European Union. In 2015 the figure stood at 69 percent.
The Morawiecki plan also points to the need to reform the labour market and improve demographics. In 2020 the employment rate of people aged between 20 and 64 is pegged to rise to 71 percent from the 67.8 percent seen in 2015.
The plan envisages an increase in investment, a greater role in international trade and a boost in investment of Polish companies abroad. (rg)