FinMin: Poland sticks to plans to reduce FX debt to below 30 per cent of total

Poland stands by the plans to reduce FX-denominated debt to below 30% of the total debt, Finance Minister Pawel Szalamacha wrote in a response to an MP interpellation, confirming earlier indications.

“The current foreign debt level (based on the place of issue criterion) amounts to PLN 297.169 bln which represents 33.9% of the state public debt,” the statement reads. “The Finance Ministry will aim to reduce this ratio.”

“The share of FX-denominated debt in the state Treasury debt will be lowered at the pace dependent on market and budgetary conditions, to eventually reach below 30%,” the response adds.

 

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