The trust of Poles in the state is falling

The topic of the credibility of the state returns with increasing force due to several premises. Firstly, the government "pushes" some public debt out of the budget to avoid exceeding the 55 percent threshold of state debt to GDP. Meanwhile, the data that the authorities have to report to the European Commission shows that at the end of Q1 it was 59.1 percent, and Poland is the second EU country after Cyprus with the highest share of hidden public debt.

Another issue that is widely discussed is the divergence between inflation and interest rates. Inflation in September, according to a quick estimate by the GUS, jumped to 5.8 percent, which is the fastest rate of price growth in over 20 years and faster than what economists had expected.

"Many people give up participation in employee capital plans because they do not trust the system. The fundamental question is how to build such trust in public policy, to build the credibility of the state," Dr. Agnieszka Chłoń-Domińczak, professor, vice-rector of the Warsaw School of Economics, said.

As she emphasized, social dialogue, legal stability and reliable assessment of the effects of each introduced change are of key importance.

(Newseria)