24th April 2012
Thursday, May 23rd, 2013
Poland's public debt to fall below 50%: finance minister
Poland's Minister of Finance Jacek Rostowski announced on Monday that despite a significant increase in public debt in 2011 he expects to see a reduction in the debt-to-GDP ratio this year, reported Dziennik Gazeta Prawna.
For 2011 the ratio of public debt to GDP was 56.3 percent, 1.5 percentage points higher than in the previous year.
However, Mr Rostowski said that an analysis by the Ministry of Finance indicates that 2011 marks the end of the increase of the debt-to-GDP ratio.
“In favorable conditions, the ratio of the public debt, according to Polish accounting, may be below 50 percent next year,” said Minister Rostowski.
From Warsaw Business Journal
Also check out:
Poland doubles deficit forecast
Deficit overshoots EC target
Poland misses EC's deficit-to-GDP ratio target
Paper: Poland's 2012 public-sector deficit higher than initially thought
No changes to Poland's 2013 GDP projection
Poland doubles deficit forecast
Deficit overshoots EC target
Poland misses EC's deficit-to-GDP ratio target
Paper: Poland's 2012 public-sector deficit higher than initially thought
No changes to Poland's 2013 GDP projection
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