Prime Minister: More funds for Poland in the new EU budget proposal

According to the initial proposal of the European Commission, the new EU budget for 2021-2027 is to be EUR 1100 billion. In addition, a post-pandemic EU economic recovery fund of EUR 750 billion is proposed. According to the first estimates, Poland will be a significant net beneficiary of additional funds.


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Photo: Adam Guz / Chancellery of the Prime Minister of Poland

It is an excellent starting point in the fight for a better Europe after the Covid-19 pandemic said Prime Minister Mateusz Morawiecki. Our demands have been registered in the consciousness of the partners in Western Europe. The voice of Poland has been heard and appreciated in Europe - he added. As the Head of the Government recalled, Poland has long been a supporter of an ambitious budget for the reconstruction of Europe.

The EU faces a gigantic economic effort. I believe that the new European Marshall Plan - which I called for - will be beneficial for Europe and Poland – said Mateusz Morawiecki.

The post-pandemic EU economic recovery fund

According to the EU proposal, a new fund of EUR 750 billion is to facilitate economic recovery in the EU after the pandemic. It will be financed through loans taken up by the European Commission on the financial markets and long-term repayments in the years 2028-2058.

As it was stressed by Prime Minister, the postulate of Poland for the fund to be divided into a grant and loan part with a substantial share of the grant part was fulfilled. Thanks to that, the funds for the implementation of climate, infrastructure, energy and IT projects, as well as the modernisation of schools and health service will be available on favourable terms. This week, the Government is starting work on the National Reconstruction Plan, which will include specific proposals for making use of those funds.

More funds for cohesion policy, agriculture and energy transformation

As the head of the government stressed, the European Commission's proposal provides for a significant increase in the areas that Poland was most concerned about. It concerns the use of cohesion policy in the fight against the effects of the pandemic, where the budget is to be increased by EUR 55 billion, and the agricultural policy, the budget for which is to be increased by EUR 24 billion (as compared to the EC proposal of 2018). Poland will receive significant funds from the pool.

Also, the Fair Transition Fund intended for the implementation of projects related to energy efficiency and renewable energy sources, among other things, will be increased to EUR 40 billion.

Negotiations on the new budget for the European Community will take place at the EU Summit on 18 and 19 June.

 


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