Locked content MF sold bonds worth PLN 8.6 bln

At a switch auction, the Ministry of Finance sold PLN 8.59 billion worth of treasury bonds maturing in 2020, 2021 and 2026. The ministry sold WZ0120 (PLN 2.39 billion), PS0721 (PLN 5.22 billion) and WZ0126 (PLN 981 million) series bonds. In addition, the department has redeemed PS0416 bonds worth PL...

Locked content Public debt up by 1.6% m/m

The state public debt of Poland grew by 1.6 percent month-on-month to PLN 847.8 billion in January 2016, according to data from the Ministry of Finance. Domestic debt amounted to PLN 537.1 billion in January 2016 and fell by 1.1 percent m/m or PLN 6.1 billion. Foreign debt grew by 6.7 percent m/m (P...

Locked content MF: No schedule for introduction of retail tax

“Poland will not rush the introduction of the retailer tax as it is focused on the quality of the final solution,” announced deputy Finance Minister Leszek Skiba on March 17. “This is about the internal analysis and discussion between the Minister and the parties concerned, and so ...

Locked content FinMin: Tax threshold to be raised gradually until 2021

Polish daily Puls Biznesu said the Ministry of Finance is mulling over raising the tax threshold by PLN 1,000 per year until it reaches PLN 8,089 in 2021. The law on the personal income tax threshold was ruled unconstitutional by the Constitutional Tribunal last year, and its validity expires in Oct...

Locked content MF sells PLN 1.69 billion in treasury bills

The Ministry of Finance sold  37-week treasury bills for PLN 1.69 billion on Monday, with demand at PLN 1.75 billion, the ministry informed. The minimum price was calculated at PLN 9,903, while bills’ yield totals 1.35 percent. The Ministry will hold bill tenders on an irregular basis. In Janu...

Locked content MinFin: Banks not at risk of bankruptcy

Deputy Finance Minister, Leszek Skiba has confirmed that there were no risk of Polish banks’ bankruptcy. Last Thursday, ex-deputy finance minister Konrad Raczkowski said that several small Polish lenders will fail this year, but their bankruptcies will not hurt Poland’s financial system. Prime...

Locked content MF: GDP to grow by 3.8% in 2016 and 2017

“2017 will be the most difficult year in terms of fiscal policy,” pronounced the Undersecretary at the Ministry of Finance, Leszek Skiba. However, he argued that the public finance deficit in 2017 would not exceed 3 percent of GDP. “GDP growth will amount to 3.8 percent this year, ...

Locked content MF sold bonds worth PLN 3 bln

The Ministry of Finance sold PLN 7.18 billion worth of treasury bonds with demand valued at PLN 13.1 billion. The ministry sold OK1018 bonds worth PLN 2.1 billion maturing in January 2018, with demand valued at PLN 16.3 billion. The minimum price amounted to PLN 960. The state’s treasury earne...

Locked content Ministry of Finance increases market budget to PLN 78.1 bln

According to the Ministry of Finance (as of February 31), PLN 78.1 billion will be transferred from the budget to the markets by the end of 2016. A month ago, this amount equaled PLN 75.5 billion. It remains a debt of a nominal value of PLN 70.1 billion for redemption in 2016, including PLN 56.9R...

Locked content FinMin: Budget surplus at PLN 1.72 bln in January

The Ministry of Finance has informed that Poland recorded a budget surplus of PLN 1.76 billion in January 2016. By the end of the month, budget revenues amounted to PLN 30.72 billion, or 9.8 percent of the annual plan. Budget expenditures stood at PLN 28.96 billion – 7.9 percent of the plan. T...