Government to Discuss Loan Holidays

The government will convene on Tuesday, February 20, to address key issues, including the bill on loan holidays and the establishment of the Ministry of Industry. Postponed from last week's Cabinet Council meeting, these projects take precedence.

The proposed bill allows for credit holidays twice in the second quarter and once in the third and fourth quarters of this year. Estimated costs for extending loan holidays are pegged at PLN 2.5 billion, as per regulatory impact assessments.

Additionally, the Ministry of Finance's consultation on loan holidays for 2024 proposes suspending loan repayments for borrowers with installments exceeding 35% of their income.