We need changes to our macroeconomic policy: the president of WISE Europa
18:50
We need changes in our macroeconomic policy – we need to raise taxes and change the structure of expenditure. We have difficult times and we need to prepare for even worse ones, Dr. Maciej Bukowski, economist, and president of the WISE Europa think tank, said.
"From a macroeconomic point of view, we should be doing what Russia has been doing over the last seven or eight years, i.e. macroeconomic stabilization. It's about accumulating reserves, surpluses – not deficits as we are now – and conservative monetary policy, investment in security, in armaments, but also the energy sector," Bukowski emphasized.
In his opinion, unfortunately, taxes must increase. Discounts on shields should be withdrawn and VAT harmonized. The Polish Deal should probably be withdrawn. The expenditure structure will also change significantly.
"We should abruptly increase spending on the army, including cybersecurity and logistics infrastructure to 5 percent of GDP. If we want to protect critical infrastructure, we need tools for this protection," the expert added.
