The draft bill extending credit holidays until 2024 will be processed by the government. Prime Minister Mateusz Morawiecki included it in the schedule of the next government meeting. This may be the last bill passed by the parliament in the current term.
Mateusz Morawiecki is not sure whether he will retain the position of prime minister – and there are many indications that his party will cease to govern in just a few weeks. However, the term of office is still in progress and draft bills are being debated. Perhaps the last legal act passed by the current parliament will be the “next edition” of loan holidays, i.e. a short break in the repayment of mortgage installments.
Waldemar Buda, Minister of Development and Technology, assured this.
The government is working on credit holidays
“We are preparing the act, the Ministry of Finance is also working hard on it. At the next Council of Ministers on Tuesday, we want to submit a ready draft bill, because we know that this solution is very necessary,” the head of the ministry wrote on Thursday on the X platform, and on Friday he said on Polish Radio that “if we do not introduce loan holidays, we will soon have auctions from family apartments. – I can’t imagine that we would have to tell 2.5 million families to fend for themselves, he explained.
When asked by the host about who will be able to take advantage of the new edition, he replied that the holidays would apply to “most people entitled to the first edition, i.e. a loan of an average amount, and the average value is PLN 397,000. zloty”. Borrowers who bought more expensive apartments with borrowed money will probably have to take into account certain income thresholds.
Credit holidays: a political trap for the Civic Coalition?
Wirtualna Polska wrote on Wednesday that loan holidays may be a political trap set by PiS for the new government and an attempt to shift the responsibility onto Donald Tusk’s formation. The Civic Coalition is not convinced whether further credit holidays are justified.
– I think we need to watch what the inflation reading will be in November and December. If it falls, the forecast WIBOR will probably also be lower. And then the installments will decrease and it may turn out that loan holidays will not be needed – said WP MP Izabela Leszczyna.
She added that she did not think that the issue of credit holidays was “crucial and fundamental to much larger problems.” – I hope that the installments will decrease next year – said the former deputy minister of finance.
Credit holidays 2024: what will they look like?
In September, Prime Minister Mateusz Morawiecki announced that loan holidays, i.e. the possibility of suspending loan installments in PLN for four months, will be extended for the entire next year, but the income criterion will be applied. He did not specify this threshold – its amount is to be determined by the Polish Financial Supervision Authority.