Poland's state treasury debt rises by 0.7% m/m at end of September

By bne IntelliNews November 21, 2013

The state treasury's debt increased by 0.7% in monthly terms to PLN 847.71bn at the end of September 2013 (and was up by 6.8% ytd vs. growth of 2.9% in entire 2012), according to the data of the ministry of finance.
In euro terms, it stood at EUR 201.06bn (+1.8% m/m, +3.5% ytd), while in U.S. dollar terms - at USD 271.47bn (+3.8% m/m, +6.0% ytd).
Domestic debt amounted to PLN 589.71bn (+0.7% m/m, +8.6% ytd), or EUR 139.86bn (+2.2% m/m, +5.3% ytd). Foreign debt stood at PLN 258.00bn (-0.2% m/m, +2.8% ytd), or EUR 61.19bn (+1.0% m/m, -0.3% ytd).
The ministry kept its debt in Treasury bills at zero, while the debt in T-bonds issued on the domestic market inched up by 1.0% m/m to PLN 570.40bn (or rose by 2.2% m/m to EUR 135.28bn).
The ministry also noted that interest rate risk measures of the State Treasury debt deteriorated since the beginning of 2013: the average time to refixing (ATR) of this debt decreased from 4.30 to 4.11 years and duration decreased from 3.81 to 3.58 years.

Related Articles

Second rating blow for Warsaw-listed debt recovery firm GetBack

Credit rating agency S&P on April 24 suspended the B/B rating of major Polish debt recovery firm GetBack, ... more

EU top court rules Poland broke law by logging in ancient forest

Poland broke EU law by increasing logging in the ancient Bialowieza Forest under a pretext of fighting spruce beetle, the Court of Justice of the European Union (CJEU) ruled on April 17. The ... more

S&P raises Poland’s outlook to positive on rosy prospects of economy in 2018

Standard and Poor’s raised its outlook for Poland from stable to positive on April 13, while maintaining the country’s rating at BBB+.  The raising of the outlook is based on ... more

Dismiss