28th September 2012
Monday, May 20th, 2013
Polish debt-to-GDP ratio set to fall
Poland's public debt-to-GDP ratio has finally started to fall, figures for year-end are expected to show.
At the end of 2012, public debt will reach 52.4 percent of GDP, according to government forecasts. That's 1.1 percentage points less than a year ago. It will be the first year the ratio will have decreased since 2007.
The government says that this is only the beginning and that the debt-to-GDP ratio will continue to fall in the coming years, Gazeta Wyborcza reported.
Provisions in the draft budget for 2013 are expected to shrink the debt to 51.4 percent of GDP by the end of next year. In 2016, it is forecast to fall to 49.6 percent of GDP – the lowest level since 2008.
From Warsaw Business Journal
Also check out:
ZEW expectations index for Poland grows
Poland doubles deficit forecast
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Experts: Poland's GDP to grow 1.5% in 2013
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ZEW expectations index for Poland grows
Poland doubles deficit forecast
BIEC indicator shows economic stagnation
Experts: Poland's GDP to grow 1.5% in 2013
Polish retail sales up only slightly in March
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