Minister of Finance: external debt to be kept at 30%

The Minister of Finance Mateusz Szczurek wants to keep a limit on further issuing of external debt bonds. Poland is not likely to take on any more external debt in 2014 and the external debt level should remain at 30 percent of GDP. "We have a lot of Euro currency to make fluid," said Szczurek. "We only issue external debt when the conditions are favorable and we need to prop up the market, and also when we need to roll-over matured notes. We want to maintain external debt at a level of 30 percent, which it currently is above due to changes in the private pension system. We will issue less bonds in euro or in dollar currencies, than we have until now," continued Szczurek, as published in a PAP news release.