Poland plans decline in public debt to GDP ratio to 47.2% in 2015.

By bne IntelliNews September 29, 2011
Details from Poland's public finance sector debt management strategy showed that the country forecasts a gradual decline in the public debt to GDP ratio from its peak at 53.8% in 2011 to 47.2% in 2015, PAP news agency reported. This' year's higher ratio is blamed on the weaker zloty and the debt problems in the euro zone. In terms of net borrowing, the figures are PLN 35.7bn in 2011, followed by a rise to PLN 47.3bn in 2012, a decline to PLN 25.5bn in 2013 and then again increases to PLN 33.4bn in 2014 and PLN 43.6bn in 2015. The treasury debt servicing costs in relation to GDP will have a different dynamics: 2.5% in 2011, 2.7% in 2012, 2.5% in 2013, 2.3% in 2014 and 2.2% in 2015.
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