The Polish Sejm has recently passed the SAFE law that introduces the Financial Instrument for Increasing Security, which aims to provide operational means for financing loans taken by the Polish state under the EU SAFE instrument. The law concerns an impressive amount of €43.7 billion (over 180 billion Polish złoty), which is intended for projects primarily related to national defense, predominantly the acquisition of arms.

The government has declared that over 80% of these funds will be directed towards boosting the Polish defense industry, a move that is expected to strengthen local manufacturers and stimulate the economy. The Ministry of Finance also noted that these loans will be offered at interest rates at least 0.7% lower than those available through other sources, potentially saving the state tens of billions of złoty in borrowing costs over the coming years.

As the legislation progresses, the government is set to address certain aspects of the SAFE project, including budgetary implications and additional measures necessary to fully operationalize the loans. The recent debate saw the government rejecting all 13 amendments proposed by the opposition during the second reading, indicating strong governmental support for the program despite concerns raised in public discussions.