The debt of the State Treasury (ST) at the end of February 2021 increased by 3% m / m and amounted to PLN 1,122.2bn, the Ministry of Finance (MF) reported, presenting the final data.
The increase in debt in February 2021 was mainly the result of:
– net borrowing needs of the state budget (PLN 3.7 billion), with a state budget deficit of PLN 5.8 billion and the balance of the JSFP deposits and court deposits reducing borrowing needs (PLN -1.3 billion)
– increasing the balance of funds in budget accounts (PLN +21.2 billion)
– bonds transferred under other acts than the Public Finance Act (PLN +8.9 billion)
– exchange rate differences (PLN -1.5 billion) – PLN strengthening against EUR by 0.5%, against USD by 0.6%, against JPY by 2.0% and against CHF by 2.2%.
Domestic debt (according to the place of issue criterion) in February 2021 increased by PLN 16.5 billion, which resulted from the balance of issues of marketable Treasury securities (TS; PLN +14.8 billion) and savings TS (PLN +1.4 billion) ) was also given.
Foreign debt amounted to PLN 277.09 billion (it increased by 6.2% MoM and increased by 4.2% since the beginning of the year).
From the beginning of 2021, the domestic ST debt increased by PLN 13.7 billion. The debt denominated in foreign currencies increased by PLN 11.1 billion in this period, which was the result of: an increase in debt in EUR (+ EUR 4.0 billion), decline in debt in JPY (-50 billion JPY), with no changes in debt denominated in other currencies, strengthening of the zloty (-5.4 billion PLN).
Source: ISBnews
