Polish Public Debt Quota to Decrease

Business › n.a. ♦ Published: September 12, 2012; 16:34 ♦ (Vindobona)

Although the planned budget deficit will not be met this year, Poland´s Finance Minister Jacek Rostowski expects a declining public debt quota.

Polish Public Debt Quota to Decrease / Picture: © Vindobona.org

Against 2011, Poland will lower its public debt level, Rostowski said today. “I´m sure that the public debt quota will shrink this year.”

This year, Poland´s budget deficit is expected to reach 3.5% of GDP. Last, year, he budget deficit came at 5.1%. Last year, Poland´s economic growth reached 4.3%. At the end of 2011, Poland´s national debt level reached 56.3% of…

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