Gov't approves public debt management framework

The government has approved a strategy to manage public debt in the years 2017-2020. The cabinet expects the debt-to-GDP ratio to grow to 52.3 percent in 2017 and subsequently gradually fall to 49.5 percent in 2020. The strategy also says that the debt servicing cost will amount to 1.56 percent of GDP (PLN 30.4 billion) in 2017 and will fall to 1.38-1.43 percent in 2020.