Taking into account the zloty's exchange rate as on Dec 31 of 2013, Poland's public debt as calculated according to the Polish methodology will be below 55% of GDP at the end of 2013, while the general government debt (according to the EU methodology) will be below 58% of GDP, according to vice-minister of finance Wojciech Kowalczyk . The final data are due to be announced in May of 2014, he added. According to Eurostat's data, Poland's general government debt increased to 58.3% of GDP at the end of Q2 of 2013 from 57.3% of GDP a quarter earlier and 56.9% of GDP a year before. Earlier, the then vice-premier and minister of finance Jacek Rostowski said that this ratio will probably increase to nearly 58.0% of GDP in 2013. In May, the European Commission projected that Poland's general government debt-to-GDP to increase from 55.6% in 2012 to 58.9% in 2014. Kowalczyk stresses that at the end of 2013, the indicators of risk related to the structure of the state treasury debt will improve. According to estimates, at the end of 2013, the share of foreign investors in the state treasury debt dropped to 51.6% from 54.5% at the end of 2012, while the share of foreign currency-denominated debt fell to around 30.3% from 31.6%, respectively. At the same time, the share of foreign investors in domestic debt eased to around 33.0% from 35.1% at the end of 2013, the minister also reported.
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