The Polish government wants to introduce the Capital Building Program as of January 1, 2018, deputy PM Mateusz Morawiecki told the Risks and Trends 2017 conference in Warsaw.
“We are introducing the Capital Building Program, we want it to be ready on January 1, 2018,” Morawiecki said. “I hope it will be capable of generating tens of billions zloty within several years, it will strengthen the stock market, the capital market, will build propensity to save.”
The Capital Building Plan, first mentioned in mid-2016, is supposed to increase long-term savings and economy, public finance and the level of pensions to be paid out to future pensioners. The plan is supposed to be a part of country’s broader Responsible Development Plan.
Under the program, the government signaled plans to increase domestic savings through the reform of OFE pension scheme, introduction of new employee savings plans, public real estate investment funds, new types of government bonds.
