RMF242 hours agoBusiness1 min read

The Council warns against the risk of exceeding 55%. GDP debt next year

Quick Look

The Council of Ministers warns that Poland's debt level may exceed 55%.
GDP next year and up to 60 percent. in 2028.
The planned expenditure on defense (PLN 198.1 billion), health care (PLN 274.1 billion) and the 800+ program (over PLN 60 billion) was discussed, as well as questions about their maintenance in the face of growing debt.

AI-generated summary

Why It Matters

The Council of Ministers presented forecasts regarding the level of Poland's debt, which indicate the risk of exceeding 55%. GDP next year and 60 percent. in 2028. At the same time, the government plans high spending on defense, health care and the 800+ program, which raises questions about their financing given the growing deficit.

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The Council warns against the risk of exceeding the 55% level. GDP next year, and in 2028 even 60%. GDP. What will happen if such a situation occurs?

We will also talk about next year's expenses. The government wants to allocate PLN 198.1 billion for defense, PLN 274.1 billion for health care, and over PLN 60 billion for the 800+ program. With growing debt, can the state afford to maintain all these expenses? What, if anything, should be given up or reduced?

We will also ask about the situation at the National Bank of Poland. The term of office of vice-president Adam Lipiński ends in November, and the NBP management board may remain with a minimum number of members. Could this affect the central bank's ability to make decisions?

Finally, we'll talk about inflation and interest rates. After inflation increased to 3.4%. and a sharp increase in fuel prices, the question arises what decision the Monetary Policy Council will make. Will we expect raises next year?

We invite you to Piotr Salak's interview just after... 7:00 to the online Radio RMF24, to the RMF24.pl website, to the RMF ON application and our social media!

What to Watch

AI outlook — possibilities, not facts

The Monetary Policy Council will keep interest rates at the current level in the next decision due to the uncertainty as to the durability of the inflation increase
Likely · Within weeks
The government will have to decide to reduce or transform some public spending if the debt actually exceeds 55%. GDP
Likely · Within months

Open Questions

Is the government planning specific measures to reduce spending in order to keep the debt below 55 percent? GDP?
What are the inflation forecasts for the coming quarters and how can they influence the Monetary Policy Council's decisions?
Who will be appointed to the position of Vice-President of the NBP after the end of Adam Lipiński's term of office?
Is there a risk that decision-making by the NBP management board may be blocked due to too few members?