Poland is now among the fastest-indebting countries in the European Union. According to the latest Eurostat data, only Finland and Bulgaria recorded a larger increase in their public debt-to-GDP ratios in the first quarter of 2026.
At the same time, Poland’s Ministry of Finance reported that State Treasury debt exceeded 2.13 trillion zloty (€492 billion) at the end of May, an increase of almost 184 billion zloty (€42.5 billion) since the beginning of the year.
Preliminary estimates suggest that the debt rose by a further 53.7 billion zloty in June, bringing the total to nearly 2.19 trillion zloty (€505 billion).
Poland among Europe's leaders in debt growth
Eurostat data show that by the end of the first quarter, Poland's general government debt-to-GDP ratio had increased by 4.5 percentage points over the year. This was the third-highest increase in the European Union. Only Finland (up 5.5 percentage points) and Bulgaria (up 4.8 percentage points) recorded larger increases.
