Katowice ranked low in debt-to-revenue ranking

The City of Katowice is rated as one of lowest indebted large cities in Poland. The latest data in this matter exposes the indebtedness of local governments in relation to their revenues.

To create the ranking, a debt to revenue ratio was taken into consideration. The ratio is the percentage of a city’s annual revenue which is needed to service debts. In case of Katowice, the ratio is 38,35% and is the fourth lowest amongst 18 largest cities in Poland. For example, the most indebted city is Toruń where the relation debt-to-revenue amounts to 86,32%, according to the wspolnota.org.pl portal which has prepared the ranking.

Also, the comparison includes the debt-to-revenue of 16 voivodeships of Poland. The Silesian voivodeship’s ratio is the fifth lowest: 31,39%.

The ranking of the most indebted local governments in Poland (expressed in percent):

Cities:

1. Toruń – 86,32
2. Bydgoszcz – 72,40
3. Poznań – 69,41
4. Łódź – 59,25
5. Wrocław – 58,33
6. Białystok – 55,07
7. Lublin – 54,99
8. Szczecin – 53,00
9. Kraków – 52,90
10. Kielce – 52,87
11. Rzeszów – 49,42
12. Warszawa – 48,48
13. Gdańsk – 48,15
14. Zielona Góra – 44,41
15. Katowice – 38,35
16. Gorzów Wielkopolski – 35,64
17. Opole – 35,29
18. Olsztyn – 29,55

Voivodeships:
1. mazowieckie – 73,34
2. łódzkie – 58,70
3. opolskie – 49,23
4. kujawsko-pomorskie – 48,69
5. pomorskie – 46,80
6. lubelskie – 40,95
7. małopolskie – 39,66
8. zachodniopomorskie – 38,92
9. wielkopolskie – 37,67
10. dolnośląskie – 33,98
11. lubuskie – 31,94
12. śląskie – 31,39
13. warmińsko-mazurskie – 31,09
14. podkarpackie – 27,80
15. świętokrzyskie – 22,49
16. podlaskie – 3,62