Poland's CAD 5.6 billion boost: Strengthening military ties with USA
Poland has received another loan from the USA amounting to several billion dollars for the modernization of the Polish Armed Forces, announced Władysław Kosiniak-Kamysz, Deputy Prime Minister and Minister of National Defence, on platform X. "This is another proof of enormous trust," emphasized the head of the Ministry of National Defence.
Poland has received another loan from the United States amounting to CAD 5.6 billion, which is intended to accelerate the transformation of the Polish Armed Forces. This information was shared by the head of the Ministry of National Defence, Władysław Kosiniak-Kamysz, highlighting that in total, the USA has provided Poland with over CAD 15 billion. This money is designated for the purchase of modern defence systems, such as the Patriot and Apache helicopters.
The Minister of National Defence noted that the loan was granted under the Foreign Military Financing (FMF) program, which supports rapid modernization financing, including for the Polish army.
"This is another proof of enormous trust and a strong alliance between Poland and the USA," emphasized the Deputy Prime Minister in the post and added that cooperation with the United States is crucial for the country's security.
Record-breaking expenditures on the Polish army
In August, the Council of Ministers adopted the state budget project for the year 2025. The state's budget revenues are expected to amount to approximately CAD 205 billion, the spending limit has been set at approximately CAD 300 billion, and the budget deficit is not to exceed approximately CAD 94 billion.
A record sum - over CAD 60 billion - is to be allocated to defence this year. This is about 4.7% of Poland's estimated GDP for next year.
Meanwhile, Poles agree to increase military development expenditures: as many as 72.9% are in favour, only 18.2% are against, and 9% have no opinion, according to the results of a survey published on Friday by IBRiS for "Rzeczpospolita".
