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Fitch Downgrades Poland’s Outlook Amid Fiscal Turmoil

9/6/2025

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Summary

Story summary

Fitch Ratings downgraded Poland's outlook to negative due to worsening public finances and political division.
The government deficit is expected to rise to 6.9% of GDP in 2025, up from 6.6% in 2024.
President Nawrocki's vetoes and tax opposition obstruct necessary fiscal reforms before the 2027 elections.
Critics attribute the negative outlook to ongoing public finance issues rather than recent government actions.
Poland's debt may reach 68% of GDP by 2027, raising fiscal sustainability concerns.

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Story summary

Fitch Ratings downgraded Poland's outlook to negative due to worsening public finances and political division.
The government deficit is expected to rise to 6.9% of GDP in 2025, up from 6.6% in 2024.
President Nawrocki's vetoes and tax opposition obstruct necessary fiscal reforms before the 2027 elections.
Critics attribute the negative outlook to ongoing public finance issues rather than recent government actions.
Poland's debt may reach 68% of GDP by 2027, raising fiscal sustainability concerns.