Financing of the army under the scrutiny of the Supreme Audit Office? The MP asks about Glapiński's “created” billions

2026-03-12 18:11
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2026-03-12 18:11
According to the president's project “Polish SAFE 0 percent”. is to be financed from the profits of the National Bank of Poland. At the same time, NBP reports losses, totaling approximately PLN 100 billion. KO MP Katarzyna Kierzek-Koperska submitted a request for the Supreme Audit Office to conduct an audit in this matter.


During Thursday's press conference, Katarzyna Kierzek-Koperska, a member of the KO MP and a member of the parliamentary public finance committee, referred to the presidential bill on the Polish Defense Investment Fund (the so-called “Polish SAFE 0%), which was submitted to the Sejm on Tuesday. Kierzek-Koperska asked about the sources of financing for defense investments, because – as she stated – no information regarding the sources of this financing was received by the committee.
According to the MP, the matter should be dealt with by the Supreme Audit Office. – The public opinion has the right to know whether the loss reported by the National Bank of Poland is a real loss or a loss that may be some kind of misstatement. This loss, as announced by the president of the National Bank of Poland, is approaching PLN 100 billion, said Kierzek-Koperska.
The draft bill on “SAFE 0%”: let's replace gold with cannons. We score the president's idea for financing armaments
Only a week after the first announcements, the public received the draft presidential bill on financing the expansion and modernization of the army. It follows that this goal is to be financed from the profits of the National Bank of Poland. Basically, the idea is that money for the army is to be created from changing the principles of valuation of NBP metal reserves.
The MP informed that she had submitted to the chairman of the public finance committee a request to conduct an ad hoc audit of the National Bank of Poland as an urgent matter. – So that we Poles know whether the losses reported by the National Bank of Poland are real losses in the context of what Mr. President and Mr. Glapiński talked about – said Kierzek-Koperska. – I hope that a representative of the Supreme Audit Office will also be present at today's public finance committee and I hope that this request will be taken into account and the Supreme Audit Office will urgently carry out such an audit at the National Bank of Poland – she added.
MP Paweł Bliźniuk (KO), present at the conference, emphasized that not only President Adam Glapiński, but also representatives of the broad Law and Justice party, as well as the Chancellery of the President, are talking about financing armaments from the National Bank of Poland.
– How did it happen in less than three months? President Adam Glapiński says one day that there is a loss of nearly PLN 100 billion, and the next day he finds PLN 200 billion to finance much-needed investments in the defense of the Polish state? If they claim to have found the funds, why is the expected contribution of the National Bank of Poland to the state budget in 2026 still at exactly 0 percent? – he asked.
– Instead of the “SAFE 0 percent” program we have a PLN 0 program for defense. This is essentially the president's proposal, Bliźniuk summed up.
Last week, the president, together with the president of the NBP, Adam Glapiński, proposed an alternative to the EU SAFE – “Polish SAFE 0 percent”. A bill on this matter is already in the Sejm. As announced. According to this project, the proceeds from the NBP profit, previously paid to the state budget, would be redirected to the implementation of defense-related tasks, including the purchase of military equipment and defense systems, the purchase of equipment for uniformed formations responsible for state security, and investments in military and logistic infrastructure ensuring military mobility.
The president has until March 20 to sign the act implementing the EU SAFE program. Poland is to be the largest beneficiary of the EU SAFE program – the Polish government will be able to benefit from approximately EUR 43.7 billion (almost PLN 200 billion) in the form of loans with favorable interest rates and spend them on defense investments. According to the government's declaration, 89 percent funds from SAFE are to go to Polish arms companies. The money is to be used to meet the needs of the army, support the Police and Border Guard, and protect cyberspace. (PAP)
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