Poland's public debt rises to 56.7 pct of GDP in Q3 - Eurostat

Poland's public debt, calculated according to the EU's ESA2010 methodology, went up to 56.7 percent of the country's GDP in the third quarter of 2020, Eurostat, the EU's statistical agency, has reported.

The public debt increased from the second quarter's 54.8 percent of GDP and last year's 47.0 percent, the Eurostat said on Thursday.

Poland's debt rose rapidly over the year as the government was forced to launch several multi-billion-zloty relief programmes to prop up the economy ravaged by the coronavirus pandemic.

The country's general government deficit reached 4.6 percent of GDP in the third quarter of 2020, a significant decrease from the second quarter's 17.1 percent, Eurostat also said.