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Szczurek: Debt to be under 47% of GDP

10th February 2014
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Poland’s debt-to-GDP ratio will decline below 47 percent by the end of the current government’s term in 2015, Finance Minister Mateusz Szczurek told Dziennik Gazeta Prawna in an interview.

When calculated in accordance with EU methodology, the ratio will be around 50 percent, he said.

Szczurek stressed that Poland’s falling budget deficit will influence the figure, but the final result will also depend on nominal GDP growth. If the growth accelerates, public debt will decline, he said.

Poland A.M.

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