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).

Related Articles

Poland rescinds TVN’s fine

Poland’s National Broadcasting Council (KRRiT) has cancelled on January 10 its own decision to fine the US-owned media group TVN PLN1.48mn (€350,000) for covering protests against ... more

Poland’s PKN Orlen launches offer to delist Czechia’s Unipetrol

Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more

Poland passes partial ban on Sunday retailing

The Polish parliament on November 24 passed a bill that bans retailing on the first and last Sunday of each month. The passing of the law – which still has to be reviewed by the Senate and ... more