30th March 2012
Thursday, May 23rd, 2013
Poland's public debt increased again in 2011
Poland's public debt increased to 56.4 percent of the country's GDP in 2011, Rzeczpospolita reported, citing preliminary data from the Finance Ministry. A year earlier, public debt stood at 54.9 percent of GDP.
“Revenue from taxes increased significantly, but since debt increased compared to GDP, it means that in some areas expenses must have gone up even faster,” former Finance Minister Stanisław Kluza told Rzeczpospolita.
Final data is expected to be published by the Finance Ministry later on Friday.
From Warsaw Business Journal
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Poland misses EC's deficit-to-GDP ratio target
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