The state debt is no longer growing as fast as in August 2025. Then the previous record was broken and the debt increased by PLN 360 billion during the year.
Meanwhile in March the increase amounted to PLN 310 billion compared to March 2025. The thing is that these PLN 310 billion is not enough. Only for the past 14 months has the debt been growing at a rate of more than PLN 300 billion annually.
Debt of the State Treasury at the end of March 2026, it increased by PLN 13.1 billion (+0.6%) month-on-year and amounted to approximately PLN 2,050.6 billion – the Ministry of Finance reported in its estimated data.
Debt broken down by the place of issue was:
- domestic debt: approx. PLN 1,637.5 billion,
- debt in foreign currencies: approx. PLN 413.1 billion.
Debt in foreign currencies is 20.1%. the entire debt of the State Treasury. And it is growing much slower than the national debt.
Read also: Poland's debt compared to other countries. See where they live beyond their means [WYKRES]
If national debt increased by PLN 277 billion during the year, i.e by 20.3 percent year to yearthat's the one foreign by PLN 33 billion, i.e by 8.7 percent rdr.
State Treasury debt and public debt
The debt statistics given above do not include the total state debt. What is the difference between the debt of the State Treasury and the debt of public finances? The “State Treasury debt” does not include data on budget-related units, i.e., among others: BGK and PFR. If you take this into account, the debt is greater.
At the end of 2025, the value of this higher calculation amounted to PLN 2,335 billion. At the same time, the debt of the State Treasury was PLN 1,952 billion. The difference amounted to PLN 323 billion.
The largest difference was in mid-2025, when it amounted to PLN 361 billion. Since then, PLN 39 billion has fallen, i.e. this part of the debt has transferred from budget-related institutions to the budget itself.
