Responsible Development Strategy is two-thirds implemented - minister

Kwieciński stressed that the strategy not only improved economic growth, but that it also serves as a buffer in the case of economic slowdown. Darek Delmanowicz/PAP

Poland's Finance, Investment and Development Minister Jerzy Kwieciński said at the Congress 590 in Jasionka near Rzeszów, in south-eastern Poland, on Monday, that two-thirds of the Strategy for Responsible Development has already been implemented.

Kwieciński stressed that the strategy not only improved economic growth, but that it also serves as a buffer in the case of economic slowdown.

"Over two-thirds or 60 percent of the Strategy for Responsible Development has already been implemented. Over PLN 1 trillion (EUR 230.9 billion) out of the planned PLN 1.5 trillion (EUR 346.4 billion) are already working for Poland's development. The speed is faster than we expected," he said.

The strategy, adopted by the government in February 2017, includes several hundred projects for the coming years, including the Central Transportation Port, as well as social programmes like Apartment Plus, Accessibility Plus and a growing share of public-private partnerships in investments implemented by the state.

Stressing that the economies of Poland and other Central European countries are still growing, the minister said that this did not mean that the government "has not been taking into account other scenarios."

"The Strategy for Responsible Development is the engine, which is pushing our economy forward in this period of development. Its implementation also makes it possible to provide buffers in case of an economic slowdown. These huge programmes that we are talking about, as well as social and development projects, are at the same time a buffer in the case of a slowdown," he said.

Referring to Poland's financial condition, Deputy Finance Minister Leszek Skiba, who was also present at the congress, said that "Polish public finances are prepared for any scenarios which could occur."