Public debt grows in Q1

The national public debt at end-Q1 increased by 2.8 percent q/q to PLN 989.17 billion, the Ministry of Finance reported.

The government subsector debt has grown by 28.71 billion (by 3.2 percent), local government subsector debt decreased by 1.35 billion (2 percent), while social security subsector saw its debt increase by 0.3 million (0.4 percent).

The public EDP debt, which is one of the Maastricht convergence criteria stood at PLN 1.29 trillion at end-Q1, which means a 2.6 percent q/q growth.

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