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Glossary

Public debt

Consists of the following liabilities of the public finance sector:

1) issued securities totalling to cash receivables;

2) drawn credits and loans;

3) accepted deposits;

4) liabilities due:

a) under separate laws, and final judgments or final administrative decisions,
b) recognized as undisputed by the competent body of the public finance sector debtor.
The Minister of Finance has control over public finance sector in the observance of the principle that public debt may not exceed 60% of the annual gross domestic product.

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Statistics Poland