Isn't that absurd? Finance Minister Andrzej Domanski, for changing the position of Poland's rating by the Fitch Agency to negative, tries to accuse... president Karol Nawrocki, who holds his office only a month! "Just look at the laws returned to Parliament to know that no of the decisions could have had an impact on the simplification of the perspective", the comments said the Minister's entry.
Remember, the credit rating agency Fitch maintained Poland's rating rating for long-term and short-term liabilities in abroad currency and in national currency, but at the same time rating outlook has been changed to negative.
So what did the finance minister do? Apologize to Poles? Did he promise to improve? He tried to explain himself? no of those rivers. Andrzej Domanski made a curiosal entry in which he tried to drop the blame... on president Charles Nawrocki, who had been in office for a period (sic!)!
The Fitch Agency confirmed Poland's A-level rating, however, lowering its perspective. The decision is simply a consequence of president Nawrocki blocking key laws, which limits space to strengthening the foundations of the economy and the essential fiscal consolidation. In the background, there remains the war in Ukraine and the related request to bear evidence defence spending and global uncertainty, which was besides reflected in fresh ratings reductions, including the US and Austria. Our government has restored economical growth, unemployment remains low, and inflation falls the fastest in Europe. We work to combine unchangeable finances with investments and essential safety expenditure. Nevertheless, it is simply a informing signal that everyone, including the president and his advisors, should take note of. We will besides tackle this challenge
“ He wrote on X.
On this grotesque form of defense, in the performance of Minister Domanski was not left in the comments of the dry thread!
Fitch's main reason for reducing the rating position from unchangeable to negative is 3 Your budgets, the 1 from 2024 with a deficit of PLN 211 billion, from 2025 with a deficit of PLN 289 billion and the 1 for 2026 with a deficit of PLN 271 billion. As a result, public debt increased by respectively PLN 320 billion, PLN 356 billion and PLN 423 billion, i.e. in subsequent years we owe PLN 09 billion, PLN 1 billion and PLN 1.2 billion per day respectively. president Nawrocka, who has served for a month, with your utmost incompetence and irresponsibility, has nothing to do with
“PiS, economist Zbigniew Kuźmiuk, replied.
The exceptional nerve of Andrzej Domański! It is adequate to review the laws returned to Parliament by Karol Nawrocki to know that no of the decisions could have had an impact on the lowering of the perspective. Only the irresponsible policy of Donald Tusk's government has an impact on lowering the perspective!
“The erstwhile head of the MFA, Szymon Szymon Szynkowski, a.k.a. Sęk, commented.
I'm not saying you don't lie due to the fact that you have no another choice, but please, not so stupid.
“The writer Rafał Ziemkiewicz responded.
Minister, the agency assessed the deficit of PLN 272 billion, the increasing debt, the declared deficit of the sector 6.5% of GDP, and not PLN 16 billion from taxation laws that could be vetoed. How is 16 billion to 272 billion?
“Leszek Skiba, erstwhile president of the Board of Bank Pekao S.A., has late asked the president of Poland.
The main reason is your failure. Don't embarrass yourself, don't confuse people and get to work.
“The erstwhile minister Michał Wójcik replied directly.
Andrzej Domanski is lying. no of the presidential veto deals with systemic taxation or budgetary issues. If anything, small veto contributes to the improvement of the budgetary position (reduction of abuse 800+, maintenance of higher penalties for taxation offences). The reason why the credit rating agency has lowered Poland's position is in fact the policy of the Tusk government. Specifically: failure to meet the budgetary assumptions with rising expenditure and falling revenue. Yes: agencies besides note that taxation collection is dropping dramatically. And at the same time, the deficiency of a public finance strategy
“ Mr Jablonski pointed out.
And what the analysts from Fitch actually wrote: – The deficit increase to 6.6% of GDP in 2024, + forecast for 2025 6.9% of GDP, well above the median of countries with the rating "A" (2.9%). – No fiscal consolidation strategy – Increase in debt handling costs from 5.1% to 7.2% of gross (2024-27)
“ Adrian Biernacki, a spokesperson in the Marshal's Office of Podkarpackie Province, points out.
Relax, nothing's happening, you can go. It's just a finance minister explaining just before midnight why our credit rating is dropping, average procedure
“The president of OGB, Łukasz Pawłowski, was ironic, posting a popular meme with Leslie Nielsen.
Of course. The budget deficit in 2025 at the level of PLN 289 billion (7.3%) of GDP was done by the President. Really, halt treating us like idiots...
— wrote Marzena Paczuska from KRRiT.
In 1 period Nawrocki lowered our rating outlook!! And seriously, what key law did the fresh president block from the rating agency's evaluation? That's not what Minister Domanski says anymore. It does not talk about systematically increasing unemployment and the evidence deficit marked “for war”
“The writer Charles Freeros commented.
You owe Poland to power, and you compose a political tweet blocking the inability of financial policy by vetoing “key laws” by the President, who has held his office for a month. Who do you think the Poles are? You don't believe what you write...
“PiS MP Joanna Borowiak signed.
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