Poland: Public Debt Falls Significantly

Politics ♦ Published: February 6, 2014; 14:15 ♦ (Vindobona)

Due to the nationalization of the pension funds OFE, Poland´s public debt quota goes down to 50% of GDP.

Poland: Public Debt Falls Significantly / Picture: © Vindobona.org

In the last few years, Poland´s public debt ratio moved up rapidly. In 2000, the public debt quota stood a 36%. At the end of 2013, Poland´s public debt level was already close to the threshold of 60% of GDP. According to the EU fiscal rules, the public debt should not exceed 60% of GDP and the budget deficit should not be more than 3% of GDP.

In autumn 2013, the Polish…