State treasury debt up by 1% m/m in December

State Treasury debt increased by 1.0 percent in December month-on-month and amounted to PLN 779.93 billion, Poland’s Ministry of Finance informed. Compared to the end of 2013, the debt calculated in the złoty decreased by 6.9 percent. "The debt increase was caused by changes in currency exchange rates (PLN 6.6 billion), financing a net loan for the state budget (PLN 6.6 billion) and a decline of the amount of money on budget accounts (PLN -5.3 billion)," the statement reads. Domestic debt amounted to PLN 488.82 billion at the end of December 2014 (down by 0.1 percent compared to November 2014 and a decrease of 13.9 percent compared to the beginning of the year).