State Treasury debt increased by nearly PLN 15 billion at the end of November. As reported by the Ministry of Finance on Monday, at the end of last month it amounted to approximately PLN 1,908.8 billion.
State Treasury debt is the total amount of money the government has borrowed to finance state expenditures that could not be covered by budget revenues. It arises mainly when the state spends more than it receives, including from taxes. According to the information released on Monday, at the end of November the debt stood at approximately PLN 1,908.8 billion—an increase of PLN 14.7 billion compared to October, representing a rise of 0.8 percent.
Broken down by the place of issuance, the debt amounted to approximately PLN 1,528.2 billion in domestic debt and approximately PLN 380.6 billion in foreign-currency debt (i.e., 19.9 percent of total State Treasury debt).
At the end of October, the debt totaled PLN 1,894,102.4 million. The Ministry of Finance notes that this figure does not include Treasury securities transferred to the Reprivatization Fund and the Capital Investment Fund that had not been sold by those funds by the end of October 2025, amounting to PLN 4,574.3 million.
It is also worth noting that, according to the Ministry of Finance report summarizing the end of 2024, State Treasury debt amounted to PLN 1,628.6 billion. This means that over the course of 11 months it increased by PLN 280 billion.