Poland's end-year public debt seen below 55pct of GDP
January 3, 2014
Poland ended 2013 with public debt at below the 55% of GDP mark according to Polish methodology and below 58% of GDP according to the EU methodology, deputy Finance Minister Wojciech Kowalczyk said in a press statement.
"Considering [the year-end] FX rate we estimate that the relation of public debt to GDP according to Polish methodology will amount to less than 55%, and according to the EU methodology to less than 58%."
The final information on Poland's 2013 public debt will be announced in May, Kowalczyk said.
In 2012, Poland's public debt amounted to 52.7% of GDP according to the Polish methodology and at 55.6% according to EU standards.
Poland's 2014 public debt is estimated at 54.8% of GDP, according to this year's budget.