Ledger · Sovereign borrowing
Who held Poland’s State Treasury debt at the end of August 2026
Poland’s Ministry of Finance reported PLN 2.249 trillion of State Treasury debt at the end of August 2026. Residents held PLN 1.627 trillion, or 72.3%. Non-residents held PLN 622.0 billion, including PLN 201.6 billion of instruments issued in the domestic market.
Sources checked
End-December 2025
Shared scale · 0 PLN million to 899,145.2 PLN million
End-August 2026
Shared scale · 0 PLN million to 899,145.2 PLN million
The chart compares end-December and end-August. It splits non-resident holdings by place of issue. July balances and subtotals are available in the table.
Residents held nearly three quarters of the total
Resident holdings reached PLN 1,627,072.9 million in August. The ministry splits them between the domestic banking sector, at PLN 899,145.2 million, and the domestic non-banking sector, at PLN 727,927.7 million. The aggregate resident share was 72.3%. Source 1
Non-resident holdings include domestic issues
The ministry reports PLN 201,646.6 million of domestic instruments and PLN 420,331.5 million of foreign instruments held by non-residents in August. Holder residence and place of issue are two separate classifications. The non-resident total includes both types of instrument. Source 1 Source 2
A lower share can accompany a higher balance
Non-resident holdings increased from PLN 554,652.0 million at end-December to PLN 621,978.1 million in August. Their share of all debt fell from the published 28.4% to 27.7%. Total State Treasury debt and resident holdings grew over the same period. Source 1
The latest monthly change differs from the year-to-date move
Between July and August, non-resident holdings fell by PLN 4,987.3 million while resident holdings increased by about PLN 40,927.6 million. Those changes describe one month. The December comparison shows the position over eight months and has a different starting balance. Source 1 Source 2