How much has Poland's public debt increased? New MF data
Poland's public debt rose to 1,951.9 billion PLN by the end of December 2025, marking a record increase due to various economic factors.
The Polish Ministry of Finance reported that the public debt reached 1,951.9 billion PLN at the end of December 2025, an increase of 322.6 billion PLN, or nearly 20%, compared to the end of 2024. This month alone saw an increase of 43.1 billion PLN, reflecting a 2.3% growth from the previous month. Such a substantial rise underscores the economic pressures facing the nation, pointing towards a need for careful fiscal management.
The record growth in public debt for 2025 aligns with plans laid out in the "Debt Management Strategy for 2026-2029", although the sheer magnitude of the increase has raised eyebrows. In comparison, the public debt grew by 283 billion PLN in 2024 and by only 107 billion PLN in 2023, highlighting a troubling trend as external and internal economic factors provoke higher borrowing. This surge can be attributed to various influences impacting government revenue and expenditures.
As the Fiscal Council, a new institution in Poland, begins its assessments and possible implications for future fiscal policies, the trajectory of public debt may necessitate adjustments in government spending and borrowing strategies to ensure economic stability. Policymakers will need to pay attention to both the domestic financial climate and external economic pressures that may dictate Poland's fiscal health in the years to come.