Professor Modzelewski: the process of repairing the public finance system is a task for years

Dodane przez: | 14 August 2017

Witold Modzelewski

“If we want to remove the decline that we have after previous years, in fact until the end of this decade the government has something to do” – said PAP prof. Witold Modzelewski, when asked about the repair of public finances. “We should wish for consistency in the elimination of the barren economy,” he adds.

“We should wish the consequences in eliminating the sterile economy, these multiple transactions with the same commodity, to avoid taxation or extort tax refunds – this is the evil that has huge money” – believes prof. Witold Modzelewski. “This will not be decreed in such a way that + you are no longer +. It requires action “- he added.

According to the expert, the process of repairing the public finance system requires years of work. “If you want to remove all the remnants, the decline that we have after previous years, in fact until the end of this decade the government has something to do,” he said.

“If power deals with dishonest competitor, then the honest one has peace. He does not look for money, minor interpretations are less important, and it is important whether the transaction is fictitious or real, “he argued. In his opinion, in order to maintain a positive economic trend, one should expect further measures to eliminate unfair competition, including untaxed competition.

“Secondly, the authorities must understand that a subject such as local government is a very important player in the economic market” – noted the expert and added that “local government, which is also power (…), as an investor must appear to a much greater extent.” .

In his opinion, “if public investments, very important in our realities, do not decrease, and even better, if they would increase, it will be a supportive factor.”

In addition, prof. Modzelewski pointed out that the development of the economy – with the increase of income – will be influenced by the attitude of consumers. If the money from the growing income – according to Modzelewski – will be spent not only on the growth of consumer demand, but also on investment. “A mass investor is a very good investor,” he believes. “It is relatively low risk on its own, but it creates a very significant investment demand” – he explained.

According to prof. Modzelewski, if the increase in wages is to be an instrument of investment growth, then “people must be offered instruments in which they will believe, because they will not believe in everything”. “Then we will have a factor based on investments that we do not even consider today” – concluded prof. Modzelewski.

source: PAP
photo: isp-modzelewski.blog.pl

Leave a Reply

Your email address will not be published. Required fields are marked *