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Katowice ranked low in debt-to-revenue ranking

September 25, 2014 Katowice the City 0

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 …