The debt of the Ministry of Finance amounted to more than 1.3 trillion złoty at the end of December 2023, the Ministry of Finance announced, with estimated data.
“According to preliminary estimated data, the debt of the Ministry of Finance at the end of December 2023 was about PLN 1,346.2 billion, which marked an increase of PLN 36.8 billion (+2.8%) m/m,” we read in the report from Monday. statement from the Ministry of Finance.
Data published by the Ministry of Finance shows that domestic debt amounted to PLN 1.04 trillion at the end of December, and foreign currency debt amounted to PLN 303.8 billion, equivalent to 22.6 percent. the entire debt of the public treasury.
Public treasury debt. Data from the Ministry of Finance
The ministry also announced that the debt of the Ministry of Finance amounted to PLN 1,309,350.8 million at the end of November 2023. On a monthly basis this is an increase of 1 percent and by 5.7 percent since the beginning of the year.
According to the ministry’s announcement, the increase in debt in November 2023 was mainly due to:
• net financing needs of the state budget (+PLN 14 billion), including the state budget deficit of PLN 6.2 billion, management of European funds (+PLN 8.6 billion) and consolidation of liquidity management (-PLN 0.4 billion ),
• increasing the balance of resources in the budget accounts (+PLN 5.6 billion),
• transfer of government bonds under laws other than the Public Finance Act (+PLN 0.1 billion),
• changes in the remaining debt of the Ministry of Finance (+PLN 0.3 billion), including a decrease in deposits of public financial sector entities (-PLN 2.7 billion), an increase in deposits of public entities ( +PLN3.1 billion) as part of the consolidation liquidity management,
• exchange rate differences (-PLN 7.4 billion) – strengthening of the Polish zloty (PLN) against the euro (EUR) by 2.2%, against the dollar (USD) by 4.5%, against the Chinese yuan (CNY) by 2.1 percent and against the Japanese yen (JPY) by 2.4 percent.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
