Poland's debt falls to 49.5pct of GDP at end-Q1 - Eurostat
July 23, 2014
Polish government’s debt fell to 49.5% of GDP at end-Q1 from 57.1% of GDP at end-2013, according to the ESA'95 methodology, Eurostat said in a report on Tuesday.
In nominal terms the debt measured PLN 819 billion.
The debt reduction was triggered by the pension system reform, which resulted in pension funds transferring over PLN 150 billion in assets to the state.