Government debt increased to PLN 2.123 bln at end of Q1 ‘25

Poland’s general government debt reached PLN 2.12 trillion at the end of Q1 2025, rising by 5.5% compared to the end of 2024, according to the Ministry of Finance. The national public debt (PDP), calculated using Polish methodology, rose by 6.3% to PLN 1.71 trillion.
The increase was driven by higher debt in various government funds, including the COVID-19 Fund, the Armed Forces Support Fund, and the Road Fund. Meanwhile, the Polish Development Fund’s debt declined due to bond redemption. The EDP debt-to-GDP ratio rose to 57.4% (up 2.2 percentage points). Domestic debt grew 8.1%, while foreign debt increased slightly by 0.9%, with foreign debt’s share in PDP falling to 23.6%.