Poland's state treasury debt rises by 1.4% m/m at end of November

By bne IntelliNews January 21, 2014

The state treasury's debt increased by 1.4% in monthly terms to PLN 853.06bn at the end of November of 2013 (and was up by 7.5% 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 203.12bn (+0.8% m/m, +4.6% ytd), while in U.S. dollar terms - at USD 276.55bn (+0.3% m/m, +8.0% ytd).
Domestic debt amounted to PLN 5xx.61bn (-0.7% m/m, +7.9% ytd), or EUR 141.69bn (+1.1% m/m, +6.7% ytd). Foreign debt stood at PLN 2.59bn (-0.9% m/m, +1.9% ytd), or EUR 61.43bn (+0.4% m/m, +0.1% ytd).
The ministry kept its debt in Treasury bills at zero, while the debt in T-bonds issued on the domestic market was up by 1.5% m/m to PLN 574.95bn (or rose by 0.9% m/m to EUR 136.90bn).
The ministry also noted that interest rate risk measures of the state treasury debt deteriorated since the beginning of 2013: average term to maturity (ATM) of state treasury debt decreased from 5.49 to 5.36 years (ATM of domestic debt increased from 4.47 years to 4.49 years and ATM of foreign debt decreased from 7.63 to 7.28 years).

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Protests against judiciary reform continue to rock Poland

Polish protests against the government's judiciary reforms continued for a sixth day on July 23, as crowds sought to add to pressure on President Andrzej Duda to veto the controversial bills that ... more

Czech judiciary denounces Poland's move to end separation of powers

Senior Czech judges on July 21 denounced Poland's judicial overhaul as an attack on the rule of law. With big street protests in the Czech Republic's neighbour seemingly gathering momentum – 120 ... more

Strongly profitable Czech petrochemical maker Unipetrol puts cracker explosion behind it

Unipetrol looks to have finally got over the August 2015 fire and explosion that wrecked its steam cracker, an indispensable installation in the production of ethylene feedstock needed to manufacture ... more

Most Read

  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    2 days ago
  2. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    2 days ago
  3. Ukrainian farmers turn to Donbas veterans for protection from raiders
    2 days ago
  4. EU allows Gazprom to use an additional 40% of OPAL gas pipeline's capacity
    3 days ago
  5. Bosnia’s ruling coalition collapses
    5 days ago
  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    2 days ago
  2. CHINA RISING: When sleeping giants meet
    16 days ago
  3. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    2 days ago
  4. Belarus’ retail king Euroopt goes on the road
    22 days ago
  5. STOLYPIN: Russia’s cyber-challenge cuts both ways
    24 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss