WARSAW: Poland's planned amendment of this year's budget will not impact financing plans as the higher deficit will be covered from liquidity buffers, the head of finance ministry's public debt department Piotr Marczak said on Monday.
"The higher budget deficit is offset by this year's higher budget revenue from the management of liquidity in the public finance sector," Marczak said in a statement.
Marczak also said that the ministry will return to holding treasury bills auctions starting from January next year, but the tenders may not be held regularly depending on needs of the budget and market conditions.
He also said that thanks to a swap, the ministry has obtained enough US dollars to cover in 2016 the servicing costs for all foreign debt, except the cost of euro-denominated debt.
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