5:20 29 August 2025
Debt ratio set to rise
The government’s draft budget for 2026 projects Poland’s general government debt will reach 60.4% of GDP at end-2025, climbing to 66.8% in 2026, the Finance Ministry announced. State public debt, measured under national rules, is expected at 48.9% of GDP in 2025 and 53.8% in 2026, remaining below the 55% prudential threshold in the Public Finance Act.
According to the ministry, the debt increase stems mainly from financing the state’s net borrowing needs. Key drivers include defense spending and loan components of the National Restructuring Programme, which alone are estimated at 2.8% of GDP in 2026. Despite the rise, the government stressed that public debt will remain manageable under both domestic and EU definitions.
