"Polish SAFE 0 percent". The president and the NBP propose their own way of financing arms

President Karol Nawrocki and president of the National Bank of Poland Adam Glapiński proposed the creation of “Polish SAFE 0 percent”. It is intended to be an alternate way for the EU to finance the modernisation of the army and, according to the announcement, to supply up to PLN 185 billion for anti-interest reinforcements.

During the gathering at the Presidential Palace, Karol Nawrocki stressed that the European SAFE programme was linked to the conditionality of the payment of funds, which, in his opinion, could endanger the unchangeable improvement of the Polish armed forces. A solution based on national financial mechanisms was so proposed. The president has not ruled out a legislative initiative on this matter.

The rulers do not know the possibilities and did not make the effort to build the Polish SAFE 0% programme. – president of Poland @NawrockiKn. pic.twitter.com/vaX9GSOJW

— Office of the president of the Republic of Poland (@presidentpl) March 5, 2026

On the another hand, NBP president Adam Glapiński explained that funds could go to the government, among others, through the NBP profit, which is mostly transferred to the state budget. The money could then be directed to the Armed Forces Support Fund. This is due to provisions prohibiting direct usage and transfer of abroad reserves.

The decision to sign the EU SAFE debt bill is to be taken by the president by 20 March.