Poland received 5 billion euros from the RePowerEU program, which is part of the National Reconstruction Plan (KPO), the Minister of Funds and Regional Policy Katarzyna Pełczyńska-Nałęcz announced.
“I am happy to inform you that 5 billion euros have just been transferred to Poland from the RePowerEU program, which is part of the KPO. This is money for cheap green energy for Polish citizens. #czasInwestycji” – wrote the Minister of Funds and Regional Policy Katarzyna Pełczyńska-Nałęcz on the social networking site X (formerly Twitter).
Money from KPO for Poland
In mid-December, Prime Minister Donald Tusk announced that the government had submitted payment applications to the KPO. The head of government then announced that the first tranche would amount to 5 billion euros and would reach Poland later this year.
– We have a common goal to build the rule of law together and make up for lost time. Payments will be prepared and I look forward to talking about the milestones. We will work towards the launch of the National Reconstruction Plan. I welcome the steps you want to take and resolve the current dilemmas, European Commission President Ursula von der Leyen said in Brussels.
– They are the first and it is a lot of money. However, the most important thing was not the money, but the rule of law and our common values. Poles did not agree with a Poland without the rule of law. Today we say that this positive step has begun and that big European, that is, us, money is starting to flow to Poland, said Prime Minister Donald Tusk. – In Poland we take the issue of the rule of law very seriously. The key was the restoration of the rule of law in Poland. Without this, neither the European Commission would have agreed to the first payments nor would I have bothered you and the Commission, he added.
After the revision, the KPO budget will increase to EUR 59.82 billion (PLN 261.4 billion), including EUR 25.28 billion (PLN 110.4 billion) in the form of grants and EUR 34.5 billion (PLN 151 billion) PLN) in the form of preferential loans. The payment of more than 5 billion euros in advances is not dependent on Poland achieving any “milestones”.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
