In crisis we cannot afford social distribution: BCC

Łukasz Bernatowicz, Vice President of Business Center Club argues that the government should bravely increase debt and deficit to save companies and the economy.

"PLN 100 billion is a considerable amount, but when the money runs out – and it happens more quickly – then you will have to add another and there is no need to worry about the deficit. So what if we get out of this crisis with a small deficit, if not to whom to pay taxes to the budget. If there are no companies, then the revenues of the state will decrease dramatically and who will pay taxes then, so that the government can pay all social benefits? " Bernatowicz asked Business Insider Polska in an interview.

He added that the announcements of introducing further taxes – sugar, etc. are disturbing.

“This does not bode well. The additional burden of the companies will kill them all. You cannot put a zloty in one hand and remove the watch from the other, such a rescue of companies and the economy will certainly fail,” he said.

The BCC vice president is happy about the solutions proposed in the financial shield, however, he believes that they should enter into force immediately, otherwise some companies may not live to see them.  He also appreciates the fact that it will be possible to combine various forms of support.

(Business Insider)