Poland Allocates 23 Billion Zlotys to Flood Relief

Poland's government, led by Prime Minister Donald Tusk, will mobilize up to 23 billion zlotys ($6.01 billion) for flood relief, leveraging funds from the European Union. Severe flooding has affected southwestern Poland, necessitating a comprehensive recovery effort including EU cohesion funds and Poland's budgetary allocations.

Poland's government, spearheaded by Prime Minister Donald Tusk, has announced a substantial mobilization of up to 23 billion zlotys ($6.01 billion) to address the widespread damage caused by recent severe flooding. A significant portion of this budget will come from the European Union.

The recent floods are the worst Poland has seen in at least two decades, submerging numerous towns in the southwestern region and prompting an urgent need for financial intervention. The government plans to free up funds from both its budget and EU contributions to expedite the recovery process.

European Commission President Ursula von der Leyen confirmed that 10 billion euros ($11.14 billion) from EU cohesion funds will be directed towards flood relief in the 27-nation bloc, alleviating some standard conditions to expedite the aid. Around 5 billion euros from this will be allocated to Poland, supplemented by Poland’s own budgetary reallocations for infrastructure reconstruction.

(With inputs from agencies.)