2025-09-30 18:12
publication
2025-09-30 18:12
In the latest debt management strategy, the Ministry of Finance presented a scenario assuming a lack of additional consolidation activities, but the government will take additional actions to limit the deficit – the Minister of Finance and Economy, Andrzej Domański, informed PAP Business. As he pointed out, as a consequence, the debt path will be lower than the document founded.
“In the strategy we presented a scenario assuming a lack of additional consolidation activities. However, the government will take additional actions to limit the deficit, which will result in the debt path assumed in the strategy,” Biznes Domański told PAP.
On Tuesday, the Ministry of Finance published a strategy for managing the debt of the public finance sector in 2026–2029, whose project was adopted last week by the Council of Ministers.
The document indicates that the forecast account of the debt of the sector of government and local government institutions (according to EU definition) to GDP will be 59.8 percent. in 2025 and 65.4 percent in 2026, which means that the reference value of the EDP debt to GDP at 60 percent. It will be exceeded in 2026. In the strategy horizon, this relationship will increase to 75.3 percent. in 2029
In turn, the ratio of public public debt to GDP will be 48.9 percent. in 2025 and 53.0 percent in 2026, and then it will grow, exceeding the level of 55 percent. In 2027, forecasts reaching 59.5 percent In the strategy horizon, the ratio of public public debt to GDP will remain below the constitutional threshold of 60 percent.
In an interview with PAP Biznes, Domański pointed out that the current fiscal situation is on the one hand a consequence of a faster than a decrease in inflation, on the other hand, high expenditure on national defense.
“Faster than the expected disinfection – both in 2024 3.6 % vs 6.6 percent founded in the Budget Act on 2024; and probably 3.7 percent in 2025. VS 5.0 percent founded in the Budget Act at 2025 – causes lower than the originally expected tax revenues. A tendency to save, and thus limit consumption, and therefore also tax revenues, “said Domański.
“According to Eurostat, household savings in Poland, in the first quarter, have achieved record levels (except for the Covid year) for nearly 25 years. At the same time, defense expenditure and more broadly to safety are our priority, which cannot be surprising” – he added.
Patrycja Sikora (PAP Biznes)
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