https://www2.polskieradio.pl/eo/dokument.aspx?iid=121451

Public debt on the rise

07.12.2009

 

Poland's public debt is dangerously drifting towards a crucial threshold, but inspires optimism towards 2015.   

          

 

Slawek Szefs reports

 

 

The Monetary Policy Council attached to the Central Bank voiced concern with the rising debt and general deficit levels for the coming year. In an annual statement it warned of the risk of public debt going over 55 per cent of the GDP in 2010.

 

 

But, looking ahead, Finance Minister Jacek Rostowski is convinced Poland will have one of the lowest public debt figures in Europe by 2015. In his opinion, it could be brought down to 35 per cent of the GDP, while France or Germany may even experience a surge of the rate to 100 per cent.