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The Warsaw Voice » Business » March 16, 2018
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Public debt reduced
March 16, 2018   
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Poland's public debt to GDP at the end of 2017 declined by over 2 percentage points (pps) year on year, Ministry of Finance said on Thursday.
Poland's public debt in relation to GDP at the end of 2017 declined by over 2 pps from 51.9% at the end of 2016, significantly above 0.2 pps reduction expected, the finance ministry said, citing initial estimates.
"Initial estimates suggest that the decline of public debt in relation to GDP in 2017 was significantly bigger than initially assumed - by over 2 pps over a year," the ministry said.
In the debt management strategy for years 2018-2021 Poland targeted reducing public debt to GDP ratio from 51.9% at the endof 2016 to 46.2% at the end of 2021. At the end of 2017 public debt to GDP was expected to hit 51.7%.
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