P o l s k i e W i e ś c i

Monday, August 9, 2010

Poland’s Public Debt to GDP Ratio Seen Slightly Below 55% til 2013

Poland plans to lower public debt to GDPD ratio from 54.7% in 2010 to 54.4% in 2011, but the relation will rise again to 54.6% in 2012 before dropping to 53.7% in 2013, the government's four-year fiscal plan reached by PAP Polish News Agency showed.

"In 2010-2013 the public debt will remain slightly below the 55% of GDP, which means there is considerable risk of exceeding this threshold and triggering further austerity measures stemming from the public finance act," the document reads.

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