17:02 2 July 2024
Bank Pekao: after June, costs of servicing public debt will exceed 2% GDP
According to Bank Pekao economist Sebastian A. Roy, the cost of servicing Poland's public debt over the past 12 months will exceed 2% of GDP after June, reaching 2.07%. This increase is attributed to statistical effects rather than fundamental economic changes. Monthly debt servicing costs rose significantly in May and June compared to the previous year.
Despite this, Roy expects the annual costs to stabilize around or below 2% of GDP by the end of the year. While borrowing needs suggest a slightly higher cost, empirical data indicates the Ministry of Finance might keep it below 2% of GDP.
(wnp.pl)
