“As for OFE – it will be next year” – said Kościński during a press conference answering the question about the date of liquidation of OFE. He noted that the Ministry of Finance is conducting an analysis on this issue.
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Earlier, the Ministry of Finance announced that postponing the liquidation of OFEs due to the coronavirus pandemic is possible.
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The OFE reform was to transform the Fund into Individual Retirement Accounts. By the way, the government wanted to save 15 percent. the so-called. transformation fee on retirement savings of Poles.
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The reform was to come into force on June 1, but a coronavirus pandemic was in the way, with changes postponed.
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In the Convergence Program Update, which EU Member States submit in Brussels, there is no money from OFEs, and these were considerable amounts, because they amounted to around several billion zlotys.
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Revision of the budget for days
During the press conference, the Minister of Finance also announced that an amendment to the Budget Act will be presented soon.
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“We have more and more real data that show – at this stage – that the economy is starting to spin and we can spend more and more money on development, investment than saving jobs. Within weeks we will present our proposals to amend the budget,” said Kościński .
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According to earlier announcements of the Ministry of Finance, the draft budget amendment is planned for July.
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There will be no new bonds
During the Wednesday conference, the minister also announced that the ministry is not planning to go to any other foreign markets with the issue of bonds.
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“We don’t have any specific needs. Yesterday we took the opportunity that the markets indicated that there is a possibility to place bonds with low yields, so we decided to sell Eurobonds to have an appropriate structure of our portfolio, also to show the market that investors believe in the Polish economy, that we will quickly get out of this crisis, “said Kościński.
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Yesterday the finance ministry announced that it sold 3-year benchmark eurobonds with a nominal value of EUR 2 billion with a profitability of -0.11% against demand of around EUR 6 billion. The bonds were valued at 29 basis points above the average swap rate. Profitability was -0.11%, with an annual coupon of 0%.
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3h ago
Roberto9999PiS is afraid to move now OFE. Morawiecki and Duda travel around Poland and press kit. That the PO took money from OFE. Just say nothing that it was half, … Read all
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4 hours ago
dojna zmianain a year there will be nothing to take reforms
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4 hours ago
kazio, these elections are postponed,they were afraid to make changes before the election
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