Fitch Warns of Potential Excessive Deficit Procedure for Poland by EU

The Ministry of Finance disclosed that as of January 31, 2024, PLN 126.7 billion will be transferred from the budget to the domestic market by year-end. February 2024 will witness no fund flows from Treasury securities redemption or interest payments. The outstanding debt in 2024 amounts to PLN 135.7 billion, covering wholesale bonds, retail bonds, and foreign market bonds/loans. By January's end, budget accounts held PLN 138.6 billion, ensuring liquidity for borrowing. Bond sales in January 2024 totaled PLN 33 billion, marking an increase from the previous year. The consolidation of liquidity management amassed PLN 93.3 billion by January's close, with domestic market debt reaching PLN 862.3 billion by December 2023. The average maturity of domestic debt stands at 4.12 years.

Source: pl.investing.com