Shield remains useles: Hubert A. Janiszewski:
16:00
According to Hubert A. Janiszewski, economist, and member of the Polish Business Roundtable (PRB), Polish government pushed through, rejecting almost all opposition amendments in both the Sejm and Senate, the so-called "shield", which is supposed to support the economy in the face of the growing pandemic and which causes a collapse in many sectors and industries.
Government decision - as in most EU countries as well as non-closing of many sectors including airlines, travel agencies, hotels, gastronomy, beauty and hairdressing salons, cinemas, theaters, companies organizing events, personal transport, non-grocery stores, resulted in these sectors being cut off from day to day cash flow and thus prevents them not only from paying thousands of salaries but also from paying rent for rented premises, repayment of credit or leasing obligations, repayment of liabilities to ZUS, etc.
After three weeks of such a rapid freeze, it can be clearly seen that the vast majority of companies in the aforementioned sectors are threatened with bankruptcy and hundreds of thousands of employees employed in it, regardless of whether they are employed full-time or based on other types of contracts.
The support shield should therefore primarily be addressed to prevent mass unemployment on the one hand and to help companies and entrepreneurs survive and avoid bankruptcy on the other.
Therefore, the governments of all EU member states - as well as the European Commission itself, but also the United States, Canada, etc. have launched large and very large aid packages characterized - which is very important - with minimal administrative requirements and quick, direct cash injections for companies and directly employe.!
This rule, even a requirement, unfortunately was not introduced in the "shield" adopted by the government of Mateusz Morawiecki and adopted by the PIS majority in the Sejm!
The government, under the influence of seemingly just criticism, but also examples from other EU countries, on April 8 presented PLN 100 billion worth of Financial Shield to be implemented primarily through PFR and BGK. The purpose and assumptions are right, but - unfortunately - dependence on declines in revenues, and other bureaucratic obstacles cause, as in the original shield, that, unfortunately, the effectiveness of the program may be limited.
(Rzeczpospolita)
