The Ministry of Finance said that it has already financed 100 percent. this year's loan needs and 3 percent next year, taking into account the redemption of bonds. Next year's needs are very large gross will amount to PLN 688.5 billion (the net will be much lower). The state of funds on budget accounts is high, at the end of September it is about PLN 160 billion in the face of PLN 185.7 billion a month earlier.
The resort is already getting ready to obtain financing for next year. Informed that in October he is planning three tenders of sales of tax securities: On October 15 with the supply of PLN 6-10 billion, on October 23 with supply PLN 7-12 billion and October 29 with supply of PLN 6-10 billion.
SPW sales tenders will be offered: OK0128, WZ0930, PS0131, DS1035, Bonds such and other series are also possible. The Ministry of Finance will also conduct one tender for the sale of tax bills: 51-weekly, scheduled for October 3 with supply of PLN 2-4 billion. MF does not plan bond exchange tenders in October.
Throughout the fourth quarter of 2025, the Ministry of Finance plans to carry out 6-7 bond sales tenders with a total supply of PLN 60-80 billion, including 1-2 exchange tenders.
The Ministry of Finance said that the number of tenders and the supply of vouchers will be the result of the formation of loan needs, the results of the sale of bonds on the domestic market and the level of foreign financing.
“Detailed information related to the offer of treasury bills will be provided in monthly plans for the tax supply of securities” – he was noted.
As part of foreign financing in the fourth quarter of 2025, public issues of bonds on foreign markets, revenues from loans from international financial institutions as well as revenues from loans under RRF are possible.
The ministry said that in August the debt in the National SPW increased by PLN 16.4 billion and amounted to PLN 1 trillion PLN 378.9 billion. This was due to the increase in debt against all three main groups of investors, i.e. domestic non -bank investors by PLN 7.0 billion (up to PLN 509.9 billion), banks (including NBP) by PLN 4.7 billion (up to PLN 697.9 billion) and foreign investors by PLN 4.7 billion (up to PLN 171.1 billion).
“As a result, the participation of non -bank investors in the debt in the National SPW at the end of August increased to 37.0 percent from 36.9 percent in July (36.4 percent at the end of December 2024), and the share of banks (including the NBP) decreased to 50.6 percent from 50.9 percent in the previous month (51.0 % at the end of December 2024) – The participation of foreign investors in the debt in national SPW increased to 12.4 percent. from 12.2 percent, at the end of July (12.7 percent at the end of December 2024).
