Poland submitted a record-breaking application for payment from the KPO for PLN 55 billion

The latest Polish application for payment from the KPO is the largest submitted so far - it amounts to PLN 55 billion. The record tranche so far arrived in Poland in December 2024 and amounted to PLN 40 billion (EUR 9.4 billion).

Pełczyńska-Nałęcz informed that the funds from the last application are to arrive in Poland in time for Christmas. On Thursday, Poland is to receive PLN 35 billion from the penultimate payment application submitted a few weeks ago.

Today we can say: we have done 100 percent, the entire KPO has been invested and we can already see that the KPO has become a development engine for Poland, said Pełczyńska-Nałęcz. In her opinion, about 1.5 percent GDP growth is the result of investments from KPO. Thanks to KPO, Poland is a leader in economic development in Europe, she said.

Pełczyńska-Nałęcz assessed that the implementation of the KPO is "a huge success and a great effort of our coalition and our government."

The minister announced that 1.2 million contracts were signed under the KPO. As she indicated, the funds are allocated, among others, to: for energy, public transport, railways, nurseries, thermal modernization of schools and the development of high-speed Internet.

A total of almost PLN 55 billion

The deadline for submitting the last KPO payment applications is Wednesday, September 30. As PAP learned, along with the Polish application, the EC will receive requests from 12 other EU member states. They will flow to Brussels probably until midnight. After submitting the payment application, the EC will assess whether Poland has implemented the investments and reforms specified in the plan.

In total, Poland is to receive EUR 54.7 billion from the KPO, of which EUR 25.3 billion are subsidies and EUR 29.4 billion are loans with favorable interest rates.

The EU recovery fund established in response to the Covid-19 pandemic is coming to an end - Member States had until the end of August to implement the reforms included in their national plans, and they can submit the last application for payment from it by the end of September. The EC must make all payments under this instrument by December 31, 2026 at the latest.

As part of the procedure for approving funds, the European Commission will have two months to check whether member states have implemented the reforms and investments specified in the KPO. It will then refer the matter to the Member States' representatives, who will have another month to make their own assessment. Then the EC will be able to make the payment, which will happen at the end of the year.

The recovery plans are financed by the recovery fund established by the EU in response to the Covid-19 pandemic. This fund amounts to just over EUR 2 trillion in current prices and is financed by debt incurred by the Community on financial markets. This makes the recovery fund the largest debt instrument in the history of the EU.