The first money from the National Reconstruction Plan (KPO) has already reached Poland. “It happened, as I promised,” Prime Minister Donald Tusk said.
Poland received 5 billion euros from the RePowerEU program, which is part of the National Reconstruction Plan, the Minister of Funds and Regional Policy Katarzyna Pełczyńska-Nałęcz announced on Thursday. As she said, the money will go to “cheap green energy for Polish citizens.”
“The first European transfer has already been transferred to the account of the Polish state! More than 20 billion PLN! Settled as promised,” Prime Minister Donald Tusk wrote on social media.
Money from KPO for Poland
Let’s not forget that in mid-December, Donald Tusk announced that the government had submitted payment applications to the KPO. The Prime Minister 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 existing dilemmas, European Commission President Ursula von der Leyen said in Brussels.
REPowerEU programme
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”.
REPowerEU is the European Union’s response to the difficulties and disruptions in the global energy market caused by the Russian military invasion of Ukraine. The European Commission says that the transformation of Europe’s energy system is urgent for two reasons: ending the EU’s dependence on Russian fossil fuels, which are used as an economic and political weapon and cost European taxpayers almost €100 billion a year , and overcoming the climate crisis.
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.
