In 2022, public expenditure per capita amounted to almost 36,000 PLN, and per one working person – 79,381 PLN. All public spending is financed either by taxes we pay or by government-issued debt (which means higher taxes in the future). Many people, demanding the implementation of further social programs by the state, do not realize that it is associated with higher taxation of the people (now or in the future).
Mateusz Morawiecki, during the recent press conference “Stable public finances in unstable times”, bragged that under the rule of PiS’ government “the [public] debt in relation to GDP will fall” and it will be the case “despite gigantic expenses during the pandemic, despite huge expenses on the anti-inflation shield.” He stressed that “there are no catches here, there are no special operations.”
In an interview with Seznam Zprávy, the head of Madeta (a Czech dairy company) Milan Teplý stated several facts that contradict basic financial knowledge. He began the interview by saying that Madeta will be profitable this year. However, he immediately added: “It’s a sin to be in profit, we won’t get subsidies.” We do not understand this. Why should a company that is making profit seek subsidies and ask the state for support?
The debt which was devalued at the Prague Castle, has been back in 32 minutes and 51 seconds. And then again. And again. And again.
As we have mentioned many times, China is preparing to enter the world currencies sphere. One piece of evidence is its vast activities in currency swaps with many countries, or the alleged increase in their official gold holdings.